Students who borrowed loans through the Federal Direct Loan Program while at Centenary are required to complete exit counseling during their final semester at Centenary University. The purpose of exit counseling is to make sure that you understand the repayment terms that apply to your federal loans.
You need to complete exit counseling before you withdraw, graduate or drop below half-time attendance (even if you plan to transfer to another school).
Complete your Exit Counseling online at www.studentaid.gov/exit-counseling.
You should complete exit counseling for your Federal Direct Student Loans. The Student Accounts Office will contact you during your last semester to complete your exit counseling.
Do you have an accurate record of all your federal student loans? You can also review your federal student loans through the National Student Loan Data System (NSLDS) online at www.nslds.ed.gov. Remember, it is your responsibility to update each student loan servicer with your contact information.
To learn more about
- Income-Based Repayment: Find out more about adjusting your monthly payments based on your income: www.studentaid.ed.gov/repay-loans/understand/plans/income-based
- Pay-as-you-Earn: Find out more about decreasing your monthly payments due to a financial hardship: www.studentaid.ed.gov/repay-loans/understand/plans/pay-as-you-earn
- Loan consolidation: Find out more about consolidating your multiple federal loans into a single loan: https://studentaid.ed.gov/sa/repay-loans/consolidation
- Federal Public Service Loan Forgiveness: Find out more about having some or all of your federal direct loans forgiven due to public service employment: http://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service
- Trouble with Loan Repayment: Use these tools if you are having trouble making your loan payments: http://www.finaid.org/loans/troublerepayingdebt.phtml, http://www.finaid.org/loans/default.phtml
Before You Graduate
- Review your federal student loan history by logging in to www.studentloans.gov.
- Get to know your loan servicer and create an online account on their website
- Complete mandatory exit counseling.
- Know when you have to start making payments
- Create a budget.
After You Graduate
- Select an affordable repayment plan using the Repayment Estimator.
- Consider loan consolidation.
- Know whether you are eligible for loan forgiveness based on your employer or your job.
- Make on-time payments to your loan servicer
- Make repayment simple and save on interest—enroll in automatic debit. Check your servicer’s website for details.
- Know your options if you can’t make your loan payment
- Reduce your federal income taxes using tax benefits.