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Update August 17:

To learn more about MIT’s changes to the fall 2020 cost of attendance as well as the Covid-era grant, please see our 2020 financial support page and our expanded FAQ page. You can also read more about the evolving policies and other key questions related to MIT’s COVID-19 response.

Repay your loan: Loan exit counseling

Exit counseling will help you understand what you owe, your loan repayment rights and responsibilities, and your repayment options.

You are required to complete counseling if you have an MIT or federal student loan and you:

  • graduate,
  • fall below half-time enrollment status,
  • take a leave of absence, or
  • withdraw from the Institute.

Steps to complete the counseling requirement

This is required for Federal Direct, Direct PLUS, and Perkins loans, as well as MIT Technology loans.

If you have a Direct Stafford and/or Grad PLUS Loan

  1. Download and view the SFS loan exit counseling presentation. You can view the presentation as a PowerPoint show with audio or as a PDF.
  2. Submit the certification form stating that you have viewed the presentation.
  3. Download the Loan Exit Counseling Guide from the Department of Education to help you with their online exit counseling.
  4. Complete the following online counseling.

If you have a Perkins Loan and/or MIT Technology Loan

  1. Download and view the SFS loan exit counseling presentation. You can view the presentation as a PowerPoint show with audio or as a PDF.
  2. Submit the certification form stating that you have viewed the presentation.
  3. Complete the following online counseling.
  4. For Perkins borrowers, download the Federal Perkins Student Loans Fact Sheet.

If you have questions about loan repayment or exit counseling, contact us at loan-services@mit.edu.