Federal Stafford Loan Exit Counseling
Borrowers of Federal Stafford Loans who are no longer enrolled at least half-time at Ashland University must complete federally mandated exit counseling as soon as they cease enrollment. This is a federal regulation and applies to all students who have graduated, officially withdrawn, dropped below half-time enrollment, transferred to another institution, or simply ceased attendance at Ashland University.
To Complete Exit Counseling:
- Have your Federal PIN ready (if you lost your PIN, go to www.pin.ed.gov to apply for a new one)
- Go to www.nslds.ed.gov and complete Exit Counseling
- To learn who your loan servicer(s) is and how to contact them directly with repayment questions, follow the “Financial Aid Review” link at www.nslds.ed.gov.
- To view repayment plans, loan calculators, deferment and forgiveness options, go to www.studentloans.gov under “Managing Repayment.”
- To learn about loan consolidation, go to www.studentloans.gov under “Tools and Resources.”
- If you have further questions after completing your counseling session, please contact our office at 419.289.5002 and ask to speak to your Financial Aid Counselor.
Ashland University is required as a part of Stafford Loan Exit Counseling to inform you that the average loan indebtedness of an Ashland University graduate is $22,106 and the average monthly loan payment is $254. Listed below are additional sample total loan amounts and the approximate payment due each month on a ten-year Standard Repayment Plan at a 6.8% interest rate.
| Amount Borrowed |
Monthly Payment |
Total Interest Paid |
Total Principal & Interest Paid |
| $5,000 |
$58 |
$1,905 |
$6,905 |
| $10,000 |
$115 |
$3,810 |
$13,810 |
| $15,000 |
$173 |
$5,714 |
$20,714 |
| $20,000 |
$230 |
$7,619 |
$27,619 |
| $30,000 |
$345 |
$11,429 |
$41,429 |
| $50,000 |
$575 |
$19,048 |
$69,048 |
| $100,000 |
$1,151 |
$38,096 |
$138,096 |
| $138,500 |
$1,594 |
$52,764 |
$191,264 |