Are you graduating? Withdrawing? Enrolled for less than 6 credits this semester? If you borrowed Federal Student Loans (Subsidized, Unsubsidized, Graduate PLUS, Perkins) or received a federal TEACH grant while attending college, please see below regarding your next steps.
Federal Loan Exit Counseling
Students that have received a Federal Direct Subsidized, Unsubsidized, or Graduate PLUS Loan are required to complete loan exit counseling each time they drop below half-time enrollment, graduate, or leave school. Exit counseling provides important information to help students prepare to repay their federal student loans. Exit Counseling is completed at StudentLoans.gov.
Federal Subsidized, Unsubsidized, and/or Graduate PLUS Loan Borrowers
- Complete loan exit counseling on the StudentLoans.gov website.
- St. John Fisher College will automatically receive notification when you have completed this requirement.
Federal Perkins Loan Borrowers
- You will be contacted by Heartland ECSI to complete exit counseling.
- You can access your loan information on the Heartland ECSI website.
Federal TEACH Grant Recipients
- Complete TEACH Grant exit counseling on the StudentLoans.gov website.
- Visit the NSLDS website to view your federal loan history.
- Undergraduate students borrow an average of $24,980 at Fisher. The average monthly payment is $256.
- Master's students borrow an average of $25,300 at Fisher. The average monthly payment is $291.
- Doctoral students borrow an average of $82,196 at Fisher. The average monthly payment is $570.
- Use loan calculators and review repayment plans on the StudentAid.gov website.
- Watch for loan repayment information from your loan servicer. The loan servicer's information is available on the NSLDS website. You can reach out to the loan servicer for questions, concerns, and setting up your payment plan.
- Review information on federal loan repayment options, loan consolidation, deferment, and forbearance. New York State provides up to 24 months of federal student loan debt relief to NYS residents through the Get on Your Feet Loan Forgiveness Program.
- If you ever have a problem and have made a reasonable effort to resolve it through normal processes and have not been successful, view the information on resolving disputes from the StudentAid.gov website. As a last resort, contact the Student Loan Ombudsman's Office at 1-877-557-2575.
- Visit Great Advice for Grads [pdf] from Inceptia for some great tips for success after graduation.