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Stafford Loan
Exit Counseling

Exit Counseling is an online educational course for borrowers of Federal Stafford Loan and/or Federal Grad PLUS loan funding. The counseling is required for all borrowers who are no longer attending, or are currently registered for less than six credits at the University at Albany. Exit Counseling needs to be completed even if you are planning to continue your education at another institution.

How do I complete Exit Counseling?

Complete your Exit Counseling online by visiting StudentLoans.gov and click on the green Sign In button.

What will the Exit Counseling cover?

Exit Counseling will explain your rights and responsibilities as a federal loan borrower. It also provides information and terms to help you make the right choices about repayment. During the counseling you will review your total federal student loan debt. As you complete the Exit Counseling, pay special attention to:

  • Loan consolidation
  • Loan deferment
  • Payment options (standard repayment, extended repayment, graduated repayment, and income contingent repayment)
  • Loan forbearance

How long will the Exit Counseling take?

Exit Counseling will take 20-30 minutes to complete. You will need your Department of Education PIN and the session will also ask you to select your school: State University of New York at Albany (00283500).

Do I need to let UAlbany know when I have completed the Exit Counseling?

You DO NOT need to notify us once you have completed the Exit Counseling. Financial Aid will receive electronic confirmation once you complete your Exit Counseling.

Do I need to complete the Stafford Loan and/or Grad PLUS loan counseling if I have already completed the Perkins Exit Counseling?

Stafford Exit Counseling is separate from the Perkins Exit Counseling. You will also need to complete the Stafford and/or Grad PLUS Exit Counseling.

When should I complete the Exit Counseling?

If you are graduating, you should complete the Exit Counseling within thirty (30) days prior to your graduation date. If you are no longer attending or have dropped below half-time attendance, you should complete the Exit Counseling within thirty (30) days from the last date of at least half-time attendance.

Do I need to complete Exit Counseling if I am going on to another school or enrolling in a new degree program?

Yes, you should complete Exit Counseling even if you are planning to continue your education. The Exit Counseling will assist you in knowing your rights and regulations about your current loan(s) grace period and repayment period.