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Exit counseling sessions are required for each borrower shortly before the borrower ceases at least half-time study at your institution or within 30 days after learning that the student has ceased enrollment or failed to attend an exit counseling session. Counseling may be conducted either in person (individually or in groups), by audio-visual presentation or by interactive means. Schools must also have an individual with expertise in the Title IV aid programs available after the counseling to answer the borrower’s questions regarding those programs. The school must maintain documentation of compliance with exit counseling requirements for each student borrower.
There is a prescribed list of items that must be covered in the exit counseling session. This checklist will help ensure that the requirements for exit loan counseling are being met.
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