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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 do any of the following:

  • graduate
  • fall below half-time enrollment status
  • take a leave of absence
  • 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 and/or Grad PLUS Loan

  1. View the SFS loan exit counseling presentation. If you would prefer a version of the presentation that includes audio narration, one is available for download here.
  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. View the SFS loan exit counseling presentation. If you would prefer a version of the presentation that includes audio narration, one is available for download here.
  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, please contact us at loan-services@mit.edu.