Loan Exit Counseling for Perkins and Berner
If you borrowed a Perkins or Berner loan for your education any time as Georgia State student, you’re required to have a loan exit interview before you leave Georgia State for any reason (leave of absence, voluntary withdrawal, medical withdrawal, required withdrawal, graduation, or enrolling less than half-time).
Your loan exit interview is your chance to learn about your rights – including grace periods, repayment options, deferments, and forbearances and your responsibilities – including when repayment begins and your minimum monthly payments. It’s also a great opportunity to get general information you’ll need to manage your student loan debt successfully.
If you plan to return to Georgia State after a leave or withdrawal, you will have a registration hold if you don’t complete your exit loan interview before leaving or withdrawing.
Loan Exit Interview Instructions
If you are graduating and borrowed a Federal Perkins Loan or a Berner Loan, Student Accounts will notify you that you can complete your loan exit counseling online.
What Happens at the Loan Exit Interview?
At your loan exit interview, you will
- Review what you learned back in entrance loan counseling, such as the consequences of default and the importance of the repayment obligation and the use of the master promissory note.
- Review any repayment options such as standard, extended, graduated, income-sensitive/contingent, income-based and consolidation.
- Review deferment, forbearance and discharge rules and procedures.
- Learn about federal loan information available on the NSLDS web site.
- Learn about the Federal Student Assistance (FSA) Ombudsman’s Office.
- Review your rights and responsibilities as a borrower.
- Provide updated contact information, such as expected permanent address, address of next of kin, and name and address of employer if known.
- Update any changes to personal information (name, driver’s license number, Social Security number, etc.) if necessary.
- Receive contact information for your lender(s).
After you attend your loan exit interview, you will get a confirmation e-mail. You should keep this e-mail for your records.