Students that borrow funds from the Federal Direct Loan program are required to complete exit counseling when any of the conditions described below are met. Exit counseling helps students understand their rights and responsibilities as student loan borrowers. The exit counseling session(s) will provide useful tips and information to help manage student loans, including repayment plans and estimated monthly payments.
The student ceases to be enrolled at least half-time (6 credits of required coursework in their program of study).
The student graduates.
The exit processes for Federal Direct and Perkins Loans are different and explained below.
Includes DL Stafford Subsidized / Unsubsidized and Graduate PLUS
Students that borrowed Stafford or Graduate PLUS loans under the Federal Direct Loan Program or Federal Family Education Loan Program (FFEL) are required to complete Exit Counseling when departing from Buffalo State. Exit counseling is required before students withdraw, graduate, or drop below half-time attendance (even if transferring to another school).
Students will be notified in writing at their permanent address when exit counseling is required. They will be directed to complete the session online at https://studentaid.gov (must log into website to access the counseling session). Students that do not complete it online will be mailed or emailed the materials to review and will then need to submit information back to the Financial Aid Office.
Students are strongly encouraged to complete the online session as it uses students' actual loan indebtedness information.
Alternatively, students may email the required information to finaid@buffalostate.edu. Emailed submissions must include the following 6 data elements. Students may copy and paste the following text into their emailed response and update the information accordingly.
Subject line: DL Exit
Your Personal Information
-Last Name, First Name
-Banner ID
-Address
-Telephone number
-Email address
-Driver's License or State ID Number and State (optional)
Employer (optional if known)
-Expected Employer (after leaving school)
-Address
Next of Kin: Enter your next of kin (family member) with a U.S. address different from yours, who will know your whereabouts for at least 3 years.
-Last Name, First Name
-Address
-Telephone number
References: You must list 2 persons with different U.S. addresses, who will know your whereabouts for at least 3 years.
Reference #1
Last Name, First Name
Address
Telephone number
Reference #2
Last Name, First Name
Address
Telephone number
Certification Statement
By sending this email, I certify that I have received exit counseling materials for Direct Loan borrowers. I have read and I understand my rights and responsibilities as a borrower. I understand that I have a loan from the federal government that must be repaid.
