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 following for further information.

Sallie Mae

New Jersey Higher Education Assistance Authority

Debt Counselors Of America

National Foundation for Consumer Credit

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 National Student Loan Data System (NSLDS) Student Access Web site at to learn the current holder or guarantor.

Exit Counseling

The US Department of Education requires all students with outstanding loans to complete an online Exit Counseling whenever a student leaves a school (Completed, Withdrawn, or Terminated) program. This is to be sure that you understand your loan responsibilities and to assist you in planning to meet them. Please click the following link and complete your Exit Counseling.