All students should complete an Exit Counseling session during their final semester at Centenary University. The purpose of exit counseling is to make sure that you understand your rights and responsibilities as you enter repayment.

Exit Counseling will also provide you with information about how to manage your student loans after college, whether your loans are in the grace period (payment will start soon) or already in repayment. The information can be especially beneficial if you are having difficulty repaying your student loans.

You should complete exit counseling for both your Federal Direct Student Loans and your Federal Perkins loans.

You can complete your entrance counseling for your Federal Direct Student loans online through NSLDS at

The Student Billing Office will contact you during your last semester to complete your exit counseling for your Perkins Loans.

Do you have an accurate record of all your federal student loans?

As you enter repayment, you should check your records on the National Student Loan Data System (NSLDS). Your lender or servicer for each loan will send you a bill once you enter repayment.

Remember, it is your responsibility to update each student loan lender with your contact information. You can view contact information for your lender(s) through NSLDS.

Federal Student Loan Consolidation Programs

A Federal Direct Consolidation Loan allows a borrower to consolidate (combine) multiple federal student loans into one loan. The result is a single monthly payment instead of multiple monthly payments. Federal Student Loan Consolidation Programs have been popular in recent years. Please take some time to consider if loan consolidation is right for you before consolidating.

Trouble repaying your loans?

The following link is an excellent resource for individuals that are having trouble repaying their loans.