Federal Direct Loan Exit Counseling

Federal Direct Loan Exit Counseling

Borrowers of Federal Direct Loans who are no longer enrolled at least half-time (6 cr hrs for undergrads, 3 cr hrs for grad students) at Ashland University must complete federally-mandated exit counseling as soon as they cease at least half-time 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 This is a federal regulation and applies to all students who have graduated, officially withdrawn, dropped below half-time enrollment, transferred to another institution, or simply ceased attendance at Ashland University.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:

  1. Have your FSA ID ready (if you have an issue with your FSA ID, go to studentaid.gov and click on Edit My FSAID)
  2. Go to studentaid.gov and complete Exit Counseling
  3. To learn who your loan servicer(s) is and how to contact them directly with repayment questions, follow the “Financial Aid Review” link at studentaid.gov.
  4. To view repayment plans, loan calculators, deferment, and forgiveness options, go to studentaid.gov under “Managing Repayment.”
  5. To learn about loan consolidation, go to studentaid.gov under “Tools and Resources.”
  6. 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 Federal Direct Loan Exit Counseling to inform you that the average loan indebtedness of an Ashland University graduate is $26,053 and the average monthly loan payment is $282. Listed below are additional sample total loan amounts and the approximate payment due each month on a ten-year Standard Repayment Plan at a 5.41 percent interest rate.

Amount Borrowed Monthly Payment Total Interest Paid Total Principal & Interest Paid
$5,000 $54 $1,485 $6,485
$10,000 $108 $2,970 $12,970
$15,000 $162 $4,455 $19,455
$20,000 $216 $5,940 $25,940
$30,000 $324 $8,909 $38,909
$50,000 $540 $14,849 $64,849
$100,000 $1,081 $29,697 $129,697
$138,500 $1,497 $41,130 $179,630

Contact Financial Aid



8 a.m.-5 p.m.

Email: gradfinaid@ashland.edu

Phone: ex. 5003