Loan Repayment

Understanding the repayment process for your student loans can go a long way toward building a solid financial foundation.

If you have borrowed a federal loan from UNMC and you will be graduating, withdrawing, or taking a leave of absence, you must complete exit counseling. The exit counseling is designed to make you aware of your repayment responsibilities, familiarize you with your lender(s), give you examples of repayment schedules, and to answer any questions you may have regarding your loans.

Exit Loan Counseling

Before you begin repaying your federal loan(s), the federal government requires that you understand the basics of repayment. Online exit counseling takes just a few minutes and will cover:

• The necessity of repaying your student loan
• Subsidized, Unsubsidized Stafford, PLUS, and Perkins Loans
• Your repayment options
• Estimating your payments
• Deferment and forbearance
• Reasons for loan cancellation
• Your rights and responsibilities
• Keeping in touch with your lender/servicer

We recommend you review your federal student loan accounts prior to starting the exit counseling session. Start your review.

Complete the Loan Exit Counseling

You will need your Social Security Number, Date of Birth, your StudentAid.gov account, and names, addresses, phone numbers, and email addresses for four references. This will take approximately 15 to 30 minutes to complete.