federal government requires that borrowers who leave Chapman University for any
reason complete Federal Loan Exit Counseling.
This requirement applies even if you intend to return to Chapman
University following a leave of absence, for any extenuating
Federal Loan Exit Counseling can be
completed online at studentloans.gov (Federal Student Aid - Direct Loans) by logging in with your FAFSA pin and selecting “Complete Counseling” then select "Exit Counseling".
In addition, you will need your federal
PIN, the name, address, and telephone number of your next of kin, two
references, and your employer after graduation (if you have one). You will also need to report the total amount
of educational loans you have received from each loan program and the current
Information regarding all of your
individual student loans can be seen, in detail, on nslds.ed.gov.
The Federal Loan Exit Counseling is
similar to Federal Loan Entrance Counseling.
A step by step tutorial regarding the borrower’s rights and
responsibilities will be given, followed by a short quiz.
Once completed, it will generate an
electronic statement of completion.
These electronic statements are pulled down into Chapman University’s
system twice a week. After the electronic
statement reaches our system, it may take up to two additional days to process.
Please be aware that by not
completing Federal Loan Exit Counseling, your degree may be withheld until
confirmation that Federal Loan Exit Counseling has been completed.
Please be aware that this is ONLY for Federal Direct
Loans. Other loans, such as the Chapman
Interest-free and Perkins loans have their own requirements that must be met.