The Financial Aid Office offers congratulations to Seminarians graduating this year!
The following is important information graduating students should be aware of concerning student loan exit counseling.
The U.S. Department of Education requires graduating students that have received federal student loans at any point while attending NYTS to complete Exit Counseling. An easy, web based exit counseling session is available online at https://studentaid.gov/. You will need your FSA ID username and password to log in (click HERE for information on creating or retrieving your FSA ID).
At the end of the session you will be asked to provide the name, address, email address, and telephone number for your nearest relative, two references who live in the United States, and current or expected employer (if known).
The topics covered in on-line exit counseling are:
- Summary of total federal student loan indebtedness
- Interest rates
- Information about entering repayment
- Repayment plan options
- Making payments
- Choice of monthly payment date
- Consequences of default
- Loan consolidation
- Loan discharge
In order for NYTS to be notified you have completed on-line exit counseling, be sure New York Theological Seminary is listed as your current school of attendance. You will be asked this question after you have completed and passed the Exit Counseling quiz. Otherwise, you will have to provide the Financial Aid office with a copy of the Borrowers Information and the Rights and Responsibilities Summary Checklist you are prompted to print during the on-line exit counseling session.