Leaving KSC and Loan Repayment
Exit counseling is required for students who participate in a federal and/or institutional loan program at any point during their enrollment at KSC. Students will be asked to complete exit counseling upon graduation, transferring, taking a leave of absence or withdrawing from KSC. Note: If exit counseling has been requested from a student, and that student later returns to KSC, a new entrance counseling session will be required.
Federal Loan Exit Counseling
Complete this counseling at the Federal Student Aid’s National Student Loan Data System (NSLDS) page.
Institutional Loan Exit Counseling
- You can complete your Perkins loan exit counseling online. In addition, the Student Accounts Office will generate a paper packet and mail it to you; you must complete this packet return it directly to Student Accounts.
- Keene Tuition Loan is completed via a paper packet generated and mailed by our Student Accounts Office. This packet must be returned directly to Student Accounts.
Private loans do not require exit counseling.
National Student Loan Data System
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. Use your federal FSA ID to log into the NSLDS site.
The U.S. government is the lender under the Direct Loan program. You will make all repayments to the U.S. government through their designated loan servicer. Please visit NSLDS to determine who your servicer is.
Heartland ECSI services the Federal Perkins and Keene Tuition loans. They will contact you directly regarding how and when to begin making payments.
The lender you borrowed from services private alternative loans. Be sure to keep records of each private loan program you participate in.
A period of deferment or forbearance is a period of time where a borrower is not responsible for making payments on an outstanding loan balance. Each loan program carries different automatic periods of deferment and each loan program may or may not accrue interest during a period of deferment or forbearance.
Federal Direct Student Loans are eligible for automatic deferment during periods of at least half-time enrollment. Federal loans are also eligible for a one-time automatic six-month grace period.
Additional deferment and/or forbearance time, for circumstances other than enrollment, can be applied for directly with your servicer. If you think you may need or be eligible to have your deferment or forbearance extended, contact your servicer immediately.
The Federal Perkins Loan and the Keene Tuition Loan are eligible for automatic deferment during periods of at least half-time enrollment. Students who have participated in one of these programs and subsequently left KSC and transferred to another school are strongly encouraged to contact their servicer, Heartland ECSI, to request an enrollment verification form. Forward this form to the registrar’s office at your new school and have them return it directly to Heartland ECSI to confirm that you are enrolled at least half time and continue to be eligible for continued deferment.
You can apply directly to your servicer for additional deferment and/or forbearance time, for circumstances other than enrollment. If you think you may need or be eligible to have your deferment or forbearance extended, contact your servicer immediately.
Each individual lender determines their terms of deferment and/or forbearance. Please contact your lender for more information.