Exit Counseling

Exit Counseling is designed to assist you with understanding your specific loan terms and conditions as well as establishing a loan repayment option suitable to your financial capabilities. Awareness of your loan options, rights and responsibilities is crucial to successful repayment.

You MUST complete Exit Counseling if you:

  • Graduate
  • Register less than half-time
  • Take a Leave of Absence
  • Transfer to another institution
  • Withdraw

Helpful Resources:

PLEASE NOTE: The documents below require Adobe Acrobat Reader.  If you do not have it, download it free at www.adobe.com.

Direct Loan Borrower Exit Counseling Guide

Direct Loan Rights and Responsibilities Summary Checklist and Student Contact Information

BU Loan Exit Counseling Session Form: To be completed if you received any BU need-based loans.

access assistrepresentatives can help address student loan repayment or financial aid questions. Visit Access Lex Institute for more details. For a free personal-touch student loan repayment service designed to help borrowers choose the right repayment plan visit the Access Lex Institute financial education website.

Federal Direct Subsidized and Unsubsidized loan borrowers can complete Exit Counseling electronically at www.studentloans.gov. If you received any BU need-based loans during your education at BUMC, you are required to meet with a SFS staff member in addition to completing your online Direct Loan requirement. It is recommended that you complete the Federal Exit Counseling prior to attending a session. BU Exit Counseling requirements operate differently for each school:

Henry M. Goldman School of Dental Medicine students attend one of three presentations during Integrated Problems and Practice Management as a part of the SPS Sign-Out process. To learn more about repayment, loan servicing, consolidation and debt management, we invite you to visit the American Dental Education Association (ADEA) website.

School of Medicine students attend a Careers in Medicine presentation in April of their graduating year.  Visit Financial Information, Resources, Services, and Tools (FIRST) offered by the Association of American Medical Colleges (AAMC) to help manage your student debt.

Julie Fresne, Director of Student Financial Services, AAMC

April 7, 2017 – 5 – 7:00 p.m.

School of Medicine, Keefer Auditorium

School of Medicine Exit Counseling sessions – to be conducted by Assistant Director Drew Sands.

Friday, April 21, 2017 12:00 – 1:00 p.m. / Room B406

Friday, April 28, 2017 12:00 – 1:00 p.m. / Room B406

Friday, May 5, 2017 12:00 – 1:00 p.m. / Room B406

Friday, May 12, 2017 1:00 – 2:00 p.m. / Room B406

Friday, May 19, 2017 12:00 – 1:00 p.m. / Room B406

School of Public Health Exit Counseling sessions – conducted by Assistant Director Scott Harrison.

Wednesday, April 19, 2017 3:00 – 4:00 p.m. / Room B406

Thursday, April 20, 2017 10:00 – 11:00 a.m. / Room B406

Monday, April 24, 2017 12:00 – 1:00 p.m. / Room B406

Tuesday, April 25, 2017 2:00 – 3:00 p.m. / Room B406

Wednesday, April 26, 2017 12:00 – 1:00 p.m. / Room B406

Thursday, April 27, 2017 3:00 – 4:00 p.m. / Room B406

Tuesday, May 2, 2017 11:00 a.m. – 12:00 p.m. / Room B406

Wednesday, May 3, 2017 3:00 – 4:00 p.m. / Room B406

If you are a Federal Direct Loan ONLY borrower and have questions following your online Exit Counseling, you can schedule an individual session with SFS.

During your individual or group Exit Counseling session, you will:

  • Be given a Loan Borrowing Summary detailing prior and current education loan debt with repayment amounts
  • Learn about the terms and repayment conditions of the loans you were awarded
  • Receive a copy of BU promissory note(s)
  • Receive lender contact information
  • Provide references for student contact information purposes only
  • Authorize the receipt and understanding of the information presented by a SFS staff member

It is our goal to present you with information to effectively manage your student loan debt in the years ahead. Although the information we provide during your Exit Counseling Session is the most current, requirements governing loan programs and repayment are always subject to interpretation and regulatory or legislative revisions. It is therefore very important that you read all communications from lenders and servicers notifying you of any changes.