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Exit Interview

    • Last Updated: 05/12/2017
    • Effective Date:

    Policy Statement
    The Bursar’s Office Division will maintain compliance with the Federal Regulations to help student borrowers manage their debt.
    Reason for policy
    The Bursar’s Office Division Exit Interview policy is federally mandated and is needed to aid student borrowers in managing their debt and maintaining knowledge of the rights and responsibilities.
    Procedures
    The Federal Perkins Loan program requires exit interviewing and acknowledgement of loan indebtedness and rights and responsibilities each time the student is enrolled less than half time, graduates, or withdrawals. Borrowers are mailed the “Exit Interview Questionnaire,” along with the Federal Perkins Loan Rights and Responsibilities, a Truth-in-Lending statement, and an Amortization schedule of required payments. Once this information is returned to our office, it is kept in the student borrower’s electronic loan file for the life of the loan.
    Forms/Instructions
    Additional contacts

    Michele Sellers

    Phone Number: 706-542-2965

    Responsibilities

    Responsible University Senior Administrator: Vice President for Finance & Administration

    Responsible University Administrator: Associate Vice President and Controller

              Policy Owner: Bursar’s Office Division

              Policy Contact: Michele Sellers

              Phone Number: 706-542-2965

    Record Retention

    This series documents and is a monitoring tool for all Perkins and National Direct Student Loans. This series consists of files for each borrower. This series may include but is not limited to: repayment schedules; statements of rights and responsibilities; records of actions taken; and related documentation and correspondence.

    Record Copy: Student Loans

    Retention: 5 years after loan repayment or assignment to U.S. Department of Education, BOR 0472-06-015

    Federal Code:34 C.F.R. 674