Loan Exit Interview | Help

Introduction

The online Loan Exit Interview Application allows you to fulfill the requirements set by federal regulations and University policy by completing student Loan Exit Interview online. It is designed to ensure that you fully understand your rights and obligations as a student loan borrower. If a Loan Exit Interview is not completed for your Federal Perkins/University Loan or Primary Care Student Loan, registration and transcript holds will be placed on your academic records.

Before beginning the Loan Exit Interview, you will need to have the following information available:

Your anticipated address, e-mail address, and phone number
Your driver's license (if you have one)
Full name/address/phone of your spouse, if applicable
Full name/address/phone of your parent(s), if applicable
Full name/address/phone of two other adults (not residing with you or your parents).

The Loan Exit Interview will address the following:

Your Loan Borrowing History
Terms and Conditions/Promissory Notes
Staying in Touch
- Personal information
- References
Frequently Asked Questions, including information on the following topics:
- Repayment Basics -- Repayment, Prepayment, Deferment, Forbearance, Cancellation, Forgiveness
- Consequences of Defaulting
- Debt Management Strategies
- Other Payment Options
- Loan Consolidation (Is it a good idea?)
- Making Repayment Easier through PSU Autopay
Quiz

Note:
Due to the confidential nature of the information reviewed in the following Loan Exit Interview, your computer should not be left unattended during the session. The Loan Exit Interview will take approximately 30 minutes to complete and must be completed in one session. You cannot spend more than 10 minutes on any one page without proceeding or your session will time out.

To ensure proper performance, please use the navigational buttons provided within the Loan Exit Interview application. The use of browser buttons may result in system errors.

After successful completion of this counseling session, you will be directed to a confirmation page and have an opportunity to print the information provided in this session. You may choose to have an e-mail sent to your Penn State e-mail address with the important links and summary information to keep for future reference.

Remember...You are required by federal regulations to complete a Loan Exit Interview. Penn State may withhold diplomas, transcripts, and/or future registration if you do not complete the Loan Exit Interview.

If you have questions after you have completed the Loan Exit Interview, contact the Office of Loans and Scholarships about your Perkins/University/Primary Care loan(s).
Contact the Office of Student Aid about your Stafford Loan(s).

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