All students that have applied to graduate in the Fall semester or plan on applying to graduate in the Spring semester, and have borrowed Federal Loans at the IIT Downtown Campus are required to complete Federal Student Loan Exit Counseling. Although the program is mainly aimed at graduating students, all students are welcome to attend. There will be Loan Exit Counseling Workshop in the Spring semester for those that cannot attend this session. If you have not borrowed federal student loans you do not need to attend. The requirement has two parts: (1) in person workshop and (2) online exit counseling session. In addition there is an optional one-on-one appointment opportunity if you need personalized assistance in navigating your loan portfolio. This is a great time to get all your questions answered by a financial aid professional expert. Please keep in mind one-on-one appointments do not replace the group session or online requirement. You only need to attend one in-person session. Graduating students will receive one-on-one appointment priority.
Workshop: Federal Student Loan Exit Counseling: Road to Zero Wednesday November 9th 12pm-1pm Auditorium OR 3pm-4pmRoom 590 One-on-One Appointments (optional):Thursday November 10th9am-5pmOffice of Financial Aid You have many options when it comes to student loan repayment including a number of payment plans, consolidation options, and even the possibility for Public Service Loan Forgiveness. Presented by Access Group, a nonprofit financial education provider, this workshop will guide you through creating your own Road to Zero strategy by helping you determine the payment plan that will best align with your current needs, future aspirations and financial goals.
Exit Counseling Steps:
1. Attend the in person workshop. By attending the workshop, you may gain a more in depth understanding of your student loans, your loan repayment options, and realistic loan repayment examples and scenarios. During the session, please take the opportunity to get answers to your student loan questions. Students that RSVP ahead of time and have applied for graduation will obtain a copy of their personal loan portfolio that lists all the federal loans received while attending the IIT Downtown Campus. Students that do not RSVP will be directed to retrieve the information online. Please bring a form of I.D. (i.e. school or state) as this is private information, and arrive early to pick up your loan portfolio. This will allow the presenter to go through all the material and answer all your questions.
2. At the in person workshop, students will receive instructions for completing the online exit counseling session. Once the online session is complete, the Federal Loan Exit Counseling requirement will be fulfilled and the requirement will be cleared on the myIIT portal.
The Office of Financial Aid understands that this is a very busy time for you but we strongly recommend that you take the time to complete your loan exit counseling requirement now rather than later. We have scheduled the sessions so that distractions from your finals, job interviews and bar exam studying are minimized. It is our goal that when you graduate you feel informed and more at ease about your loans and your repayment options. Please keep in mind that if you are unable to attend any of these sessions we will make accommodations for you to meet this requirement at a later date. This program will be offered again in the Spring semester, for students that cannot attend this time.
Please RSVP below with your preferred group session and if you need a one-on-one appointment.