Federal Student Loan Repayment and Exit Counseling
Exit Counseling for Borrowers of Federal Direct Student Loans
If you are a Federal Direct Student Loan borrower who is graduating, taking a leave of absence, or withdrawing from Bates, the U.S. Department of Education requires you to complete Exit Counseling. Exit Counseling provides you with important information about the repayment of your federal student loans. Completing this process will provide you with:
- Information about your rights and responsibilities regarding repayment of your federal student loan
- How to locate your loan servicer and review amounts to be repaid
- Loan deferment and loan forgiveness options
Exit Counseling is completed online through the U.S. Department of Education. Additional helpful resources can be found below:
- Exit Counseling Video
- Federal Direct Student Loan Exit Counseling Guide
- Maine Educational Opportunity Tax Credit