Debt Management & Exit Counseling

Managing Your Debt

This is an important issue for all college students. The rising cost of tuition, fees, books and supplies has led to a major increase in student loan borrowing as well as credit card use.

If you use credit cards to supplement your costs or living expenses you will have an additional financial burden while repaying your student loans. We encourage you to borrow sensibly and prepare a monthly budget to calculate your expenses and salary before you use that credit card.

If you need further assistance, contact your lender for loan consolidation and/or the following for further information.

Sallie Mae

New Jersey Higher Education Assistance Authority

National Foundation for Credit Counseling

Options for Resolving Student Loan Default

  • Payment in Full
  • Repayment arrangements
  • Loan consolidation
  • Loan rehabilitation

Contact your lender for further information. Don't know who your lender is? Go to the federal student aid website to learn the current holder or guarantor.

Exit Counseling

The US Department of Education requires all students with outstanding loans to complete online Exit Counseling whenever a student drops below half-time enrollment, graduates, or leaves school (withdrawal or termination). Exit counseling provides important information to prepare students to repay their federal student loan(s). Please click the following link and complete your Exit Counseling.