Exit Loan Counseling
Prior to leaving Baker College, student loan borrowers are required by government regulations to complete an Exit Loan Counseling session. If you do not complete Exit Counseling, a hold will be placed on any requests for official academic transcripts.
CLICK ON THE FOLLOWING: Exit Counseling to begin your exit counseling session.
This link will take you away from the Baker College site and link you to the Department of Education's web site. The counseling session will take anywhere from 20 to 45 minutes to complete. Click on the green “Sign In” button to begin your session. If you need help while in your exit counseling session click on the “Contact Us” and you will be able to e-mail the problem and receive a response.
Why Do You Need Exit Counseling
Exit counseling is required when you graduate, leave school, or drop below half-time enrollment. For Baker College half-time enrollment for undergraduates is six credit hours or more and for graduate students it is four credit hours or more. Anything less than that is considered less-than-half-time. Exit counseling provides important information you will need as you prepare to repay your federal student loan(s). If you do not complete Exit Counseling, a hold will be placed on any requests for official academic transcripts.
Student Loan Repayment Plans
Please remember that there are several different types of repayment plans for your student loan(s). There are three plans that are based on your annual income and family size and are called Income-Driven Repayment Plans. Depending on your income level and outstanding student loan balance, you could actually qualify for a zero monthly payment. These plans are not automatically given to you. You must contact your loan servicer to request and be approved. For a list of repayment plans and calculators, please go to www.studentloans.gov.
If you do not contact your loan servicer, your loan servicer will place you in the Standard Repayment Plan where the monthly payment may be too high for you to pay each month. To find out who your loan servicer is, please go to www.nslds.ed.gov and click on the" Financial Aid Review " button.