Exit Counseling

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Loan Counseling & MPN

Exit Counseling for Federal Direct Loan Borrowers

What is Exit Counseling?

When Federal Direct Loan student borrowers drop below half-time enrollment, graduate, or leave school, they are required to complete Exit Counseling. This online session provides essential information on loan repayment, available repayment plans, and options such as deferment or forbearance.

Exit Counseling helps you:

  • Understand your loan repayment responsibilities
  • Learn about different repayment plans
  • Explore options to manage your loans and avoid default

How to Complete Exit Counseling

  1. Visit the Federal Student Aid website at and log in using your FSAID and password. If you鈥檝e forgotten your login details, use the 鈥淔orgot My Username鈥� or 鈥淔orgot My Password鈥� links to recover them.
  2. Once logged in, navigate to the Loan Repayment section, then under 鈥淧repare and Apply,鈥� select .
  3. Choose the option that reflects your student status (鈥楿ndergraduate Student鈥� or 鈥楪raduate/Professional Student鈥�) and click Start under the Exit Counseling section.
  4. Review and update your contact information and references as needed.
  5. Select New Jersey Institute of Technology (麻豆成人版) under 鈥淪earch School鈥� to ensure your records are updated correctly.
  6. Follow the prompts to complete all required sections. Be sure to expand all dropdown menus to proceed.
  7. Once finished, a confirmation will be sent to the 麻豆成人版 Financial Aid Office within 24-48 hours.

Additional Resources

  • Direct Loan Exit Counseling Guide
    This downloadable guide provides key details on:
    • Money management
    • Repayment plans
    • Deferment and forbearance options
    • Loan consolidation
  • Below video provides step by step instructions to complete the Federal Loan Exit Counseling.
  • Repaying Your Loans Guide
    This downloadable guide provides more information about federal student loan repayment, timelines, and strategies to manage your debt effectively.
  • helps you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals.听
  • You may review detailed information about the various Direct Loan repayment plans available. Understanding these options will help you:
    • Determine your monthly payment amount based on your income and loan balance.
    • Learn about income-driven repayment plans that may lower your payments.
    • Explore options for loan consolidation, deferment, and forbearance if needed.
      Avoid delinquency and default by selecting a repayment plan that works for you.

Financial Literacy Resources

麻豆成人版 has partnered with Inceptia to offer Financial Avenue, an interactive online program designed to enhance your financial knowledge. Through Financial Avenue, you will have access to:
  • Courses on Loan Guidance, Debt, and Repayment
  • Tools to help you manage your finances effectively
For more information, visit 麻豆成人版 Financial Literacy.

If you have any questions about Exit Counseling, please contact the 麻豆成人版 Student Financial Aid Services at finaid@njit.edu or 973-596-3479.
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Activities & Organizations

Complete Your Student Loan Exit Counseling Requirement