Exit Loan Counseling
Exit Loan Counseling is required for any students who have received student loans at Western, and have dropped below half time (6 credits), or have completed a program (graduated). Please see common Exit Loan Counseling Q&A below to determine if you need to complete Exit Loan Counseling.
If you do need to complete Exit Loan Counseling please take the time to complete this "Before You Go" worksheet, it will provide you with a convenient location to record the information you gather while reviewing and completing the Exit Loan Counseling.
Exit Loan Counseling - Q & A
I received Exit Loan Counseling materials in the mail, but I have completed Exit Loan Counseling before - why do I have to complete it again?
It is likely a student will be required to complete Exit Loan Counseling several times during his/her college career, as it is required EACH TIME a student:
- Drops below ½ time enrollment (6 credits)
- Completes a program (or graduates)
I just completed the LPN program, but I am continuing in the RN program, why do I have to complete Exit Loan counseling?
As stated above, EACH TIME a student completes a program, he/she must complete Exit Loan Counseling. Your student loans will remain on 'in-school deferment' (deferred payments) as long as you are enrolled at least ½ time (6 credits).
I transferred from Western to another school where I am enrolled at least ½ time, do I have to complete Exit Loan Counseling?
Yes - Each time a student drops below ½ time enrollment (6 credits), he/she is required to complete Exit Loan Counseling. Your student loans will remain on 'in-school deferment' (deferred payments) as long as you are enrolled at least ½ time (6 credits at Western, check with your new school to confirm what constitutes ½ time enrollment there).
Does completing Exit Loan counseling affect my ability to receive student loans in the future?
No, completing Exit Loan Counseling in no way affects a student's ability to receive student loans, or any other Federal Financial Aid funds, in the future.
