When you apply for graduation from UNK, withdraw from classes or drop below half-time enrollment, and if you have borrowed student loans to help pay for your education, you will be notified of opportunities to attend an Exit Loan Counseling session. The purpose of Exit Loan Counseling is to help you become well prepared and knowledgeable regarding the repayment of the student loans you have borrowed. Exit Loan Counseling at UNK may be completed in one of the following ways:
- On-campus Group Session: You may sign up to attend a scheduled on-campus group session with a financial aid counselor. The session will include a group presentation with time afterward to talk one-on-one with a counselor if you have questions. Contact the Office of Financial Aid at 308-865-8520 to schedule a time.
- Online Session: You may complete the Exit Loan Counseling session online at www.studentloans.gov. Once you complete the online session, the UNK Office of Financial aid will be notified electronically.
For students who will be graduating from UNK, the Exit Loan Counseling session is a requirement. If you will be graduating from UNK and have not yet completed the Exit Loan Counseling session, you will see a reminder on your “To Do List” on MyBLUE. Once you have completed a group counseling session or an online counseling session, the reminder will be removed from your “To Do List.”
Completing the Exit Loan Counseling session is not only required for graduation from UNK, but it is an important way to begin planning for the repayment of your student loans as you leave college and begin your career. Undergraduate students who graduated from UNK in the fall of 2013 had, on average, $24,040 of Federal Student Loan debt. Payment for this average debt load will be approximately $276/month for 10 years. For graduate students, the average loan debt was $43,977, which would result in approximate payments of $506/month for 10 years. Completing the Exit Loan Counseling session will help you become knowledgeable about the resources you have available to you during repayment and confident about your ability to manage your loans.
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