Students who borrowed loans through the Federal Direct Stafford Loan Program and/or the Perkins Loan Program while at BU Law are required to complete an Exit Counseling Session.
The Exit Counseling Session is an opportunity to learn about the repayment terms that apply to your federal loans. The Law Financial Aid Office will provide information for federal and private loans regarding loan repayment options, consolidation, and basic debt management principles that could make your life after law school easier.
The Law Financial Aid Office conducts Exit Counseling Sessions in March for students graduating in May. January graduates should contact our office for an appointment.
Students should come to the session with the following information:
- Driver's License (state and number)
- The name, address, and phone number for two references and your next of kin (3 different people)
- The name, address and phone number for your employer after leaving school (only if available)
2014 Exit Counseling - Group Sessions
- March 18 - 1:00pm to 2:00pm, Room 1434
- March 19 - 1:00pm to 2:00pm, Room 1434
- March 26 - 1:00pm to 2:00pm, Room 1434
- March 27 - 1:00pm to 2:00pm, Room 1434
Exit Counseling - Individual Appointment
Students have the option of making an appointment to speak to a counselor one-on-one to obtain information on their personal loan repayment options.
Note: Students who schedule an appointment should come prepared with their federal loan history – go to the Federal Student Aid Repayment Estimator to to estimate your federal student loan payments under each repayment plan and bring a copy to your appointment.
Private loan information must be accessed from each lender.
Students may also complete the Exit Counseling Session online at the federal website.
Graduating 3L's who received any Perkins Loan funds while at BU Law must attend an Exit Counseling session offered by the Student Loan Department. The Exit Counseling offered by the Law Financial Aid Office cannot be used to meet this requirement.
Perkins Loan recipients have two choices:
- Attend the Exit Counseling offered by the law school and the Perkins Exit session (2 sessions) OR…
- Attend the Exit Counseling for the Perkins Loan (offered by the Student Loan Department – 1 session)
Perkins Loan Exit Counseling sessions will be offered in late March. Students should receive notification about the specific times and locations for these sessions. If you do not receive any information, you should contact the Student Loan Department at 617.353.2340 for more information.
The Student Loan Department is an office within the Student Accounts Office and will oversee the repayment of your Perkins Loan.
Students interested in more detailed information and debt management strategies may make an appointment with the Law Financial Aid Office to discuss their student loan borrowing.
Tip - Access the National Student Loan Database System online. The database maintains records for all your federal loans, including the outstanding balance and lender contact information. The Federal Student Aid Repayment Estimator can be used to estimate your federal student loan payments under each repayment plan.