Exit Counseling for Your Federal Direct Subsidized/Unsubsidized Loan(s):
In accordance with Federal regulations, when a student ceases enrollment at least half-time or graduates, the institution is required to provide Direct Loan Exit Counseling.
You can complete your exit counseling at studentloans.gov
. You will need to create a FSA ID to log in fsaid.ed.gov
. You will see the amounts of your loans listed and go through helpful information on loan repayment, including who you owe, when you owe and a monthly expense estimate to help you with budgeting. Learn how to avoid default and what to do if you are having trouble making payments.
Perkins Loan EXIT Counseling:
If you had a Perkins Loan while at Millikin, our Perkins Loan Servicer will be contacting you to complete the Perkins Loan EXIT Counseling. Our servicer is Heartland ECSI. Your Perkins Loan goes into repayment 9 months after you graduate or cease enrollment at least half time (6 credits). Please watch for correspondence from ECSI and keep track of all of your loans.
If you have any questions, you can email Nancy Askins