What is Exit Counseling?
Federal regulations mandate that schools provide loan exit counseling. Exit counseling is the opportunity to clear up any misconceptions you may have about your loan obligations and re-emphasize the consequences of default. At Rasmussen College, you will receive an email advising you of all the information you need regarding your Federal student loans and what to expect from your Federal student loan servicer. You will also get a call after the email is sent from the Student Loan Management Department advising you to go online and complete exit counseling. It can be completed online by visiting studentloans.gov, select log in to access the site. Completing the exit counseling prepares you to budget in your future payments of your Federal student loans.