Under what circumstances might a student be required to participate in exit counseling?

Get ready for the NASFAA Student Eligibility Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Prepare effectively today!

A student is required to participate in exit counseling under specific circumstances, primarily when they graduate, withdraw from their program, or drop below half-time enrollment. This requirement ensures that students are informed about their rights and responsibilities regarding their student loans, helping them understand their repayment options and the importance of managing their debt.

Exit counseling is particularly crucial for those who are leaving their educational program, as it serves as a transition point where students need to be aware of their financial obligations moving forward. By completing exit counseling, students receive essential information that can significantly impact their financial well-being after their academic commitments have concluded. This process helps to prepare them for entering the repayment phase of their student loans, ensuring they are equipped with the knowledge needed to make informed financial decisions.

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