MIT Student Financial Services Loans


If you borrowed for your education any time as an MIT student, you’re required to have a loan exit interview before you leave MIT for any reason (leave of absence, voluntary withdrawal, medical withdrawal, required withdrawal, graduation, or enrolling less than half-time).

Your loan exit interview is your chance to learn about your rights – including grace periods, repayment options, deferments, and forbearances and your responsibilities -- including when repayment begins and your minimum monthly payments. It’s also a great opportunity to get general information you’ll need to manage your student loan debt successfully.

If you plan to return to MIT after a leave or withdrawal, you will have a registration hold if you don’t complete your exit loan interview before leaving or withdrawing.

Loan exit interview options

Federal Perkins, Direct Stafford and PLUS Loans

If you are graduating in June, September or February and you have a Federal Perkins Loan, a Federal Direct Stafford Loan or a Federal Direct Graduate PLUS Loan, SFS will notify you that you can complete your loan exit counseling online at

MIT Technology Loans

If you have an MIT Technology Loan, contact your loan counselor for an appointment.

If you leave MIT at any time other than the regular graduation dates, you are responsible for completing the loan exit interview for your Perkins, Direct Stafford, or Direct PLUS online. If you have an MIT Technology Loan, please contact your loan counselor.

What happens at the loan exit interview?

At your loan exit interview, you will…

  • Review what you learned back in entrance loan counseling, such as the consequences of default and the importance of the repayment obligation and the use of the master promissory note.
  • Review any repayment options such as standard, extended, graduated, income-sensitive/contingent, income-based and consolidation.
  • Review deferment, forbearance and discharge rules and procedures.
  • Learn about federal loan information available on the NSLDS web site.
  • Learn about the Federal Student Assistance (FSA) Ombudsman’s Office.
  • Review your rights and responsibilities as a borrower.
  • Provide updated contact information, such as expected permanent address, address of next of kin, and name and address of employer if known.
  • Update any changes to personal information (name, driver’s license number, Social Security number, etc.) if necessary.
  • Receive contact information for your lender(s).

After you attend your loan exit interview, you should read the SFS loan exit counseling guide and keep a copy for future reference.

Important Sites

Loan exit counseling
If you borrowed a Federal Direct Stafford Loan, Federal Perkins Loan or Federal Direct Graduate PLUS Loan, you are required by federal law and MIT policy complete an exit interview online before graduation. If you borrowed an MIT Technology Loan, contact your loan counselor to schedule an exit interview. Required reading: the SFS loan exit counseling guide.

Loan entrance counseling
For Federal Direct Loans visit to complete loan entrance counseling and sign a master promissory note. For Federal Perkins Loans visit iPROMise to complete loan counseling and sign a master promissory note.

Campus Partners
Campus Partners handles billing and payment for Federal Perkins Loans and MIT Technology Loans. handles billing and payment for Federal Direct Loans and Graduate PLUS Loans.

Loan payment calculator

Estimate your loan payments.

Compare loans

These two printable charts can help you compare loans available to undergraduates and their families, and loans available to graduate students.

View Undergraduate loans

View Graduate loans