UW Colleges Financial Aid
Online Loan Exit Counseling
If you have borrowed monies through the Federal Stafford and/or Federal Direct Loan Programs at some time during your educational career, federal student aid regulations require you to complete loan exit counseling when you cease to be enrolled at least half time (6 or more credits) or as you graduate from/transfer from/otherwise leave the University of Wisconsin Colleges. To satisfy the requirement, UW Colleges uses an Online Loan Exit Counseling session.
Loan exit counseling will assist you with managing your student loans and help you understand your options and responsibilities. We encourage you to take the management of your student loans responsibly.
The consequences of not repaying your student loans are serious and will affect your ability to obtain credit for post-college necessities (car, housing, loans, credit cards, etc.) and may result in wage garnishment and loss of eligibility for additional financial aid. As you complete exit counseling, pay close attention to loan consolidation, loan deferment, payment options, and loan forbearance.
If you currently are attending or will transfer to another college or university, you still must complete UW Colleges’ Loan Exit Counseling. However, enrollment of 6 or more credits (half-time enrollment) at your new school should qualify you for deferment of federal student loan repayment. Check with your new school for information on its loan deferment process.
During the online session, be prepared to provide the following information:
Social Security Number;
driver's license number;
expected permanent address;
expected employer (if known);
and the names, addresses, telephone numbers, and employers of your Next of Kin and for two additional references for yourself (these should be three different people living at three different addresses).
You will need your Federal PIN (the one you used to electronically sign your FAFSA). Visit the FSA Pin Registration website if you do not have a PIN or are unsure if you already have one.
Once on the loan exit counseling website, be sure to select the “Start” button; the “Tour” option will not allow you to save any information and does not meet the exit counseling requirement. In the Schools section, select: “UNIVERSITY OF WISCONSIN COLLEGES (00389700)” for your “Schools List.” This will ensure that the University of Wisconsin Colleges Student Financial Aid Office is automatically notified of your completing online loan exit counseling.