Stafford Exit Counseling
Spartanburg Methodist College in Spartanburg, SC
Spartanburg Methodist College offers you the ability to complete Exit Counseling requirements via this website. Students who are graduating, students who have withdrawn, or students who have reduced their number of hours per semester to less than half-time (less than 6 credit hours) are required to complete this process. This session will advise you of your rights and responsibilities, allow you to view sample repayment plans, provide information on deferments and forbearances, and tell you how to avoid defaulting on your loan.
The average indebtedness of recent SMC Stafford Loan borrowers is $8,600. Using the standard repayment plan, this indebtedness would require a monthly payment of approximately $99 for 10 years. Other payment plans may be available. We recommend that you speak with your lender to determine all viable options. You may access either http://www.nslc.org/ or http://www.nslds.ed.gov/ (you will need your federal PIN) to review the amounts you have borrowed and information concerning your lender.
If you experience any problems with a lender, you may contact the Ombudsman’s Office at 1-877-557-2575 or http://ombudsman.ed.gov/.
If you need assistance with the counseling process or have questions, you may contact the SMC Financial Aid Office at 864-587-4000 or 1-800-772-7286.
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MYF Disclaimer:
The information above is wholly the product of the school represented herein.
Mapping Your Future, and its individual sponsoring members, do not guarantee
or warrant the correctness, completeness, accuracy, or any other characteristic
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Stafford Exit Counseling Session Instructions
Before You Start
- Ensure you meet the browser and system requirements:
- You must use at least Internet Explorer 6.0 or Mozilla Firefox 1.0. Get a browser now.
- You can use any Internet service provider (ISP) to connect to the Internet; however, you should access this counseling session using one of the browsers above after you've connected. Do NOT use the ISP's browser, such as AOL or MSN--you won't be able to complete the student form at the end of the session!
- You must enable JavaScript in your browser.
- PARENTS: Please don't complete the counseling session on behalf of your son or daughter, as this federal requirement helps the student understand the rights and responsibilities of borrowing a student loan.
- You will need about 25 minutes to complete this counseling session.
- You will need the following information:
- Your Social Security number
- Your driver's license number
- Name, address, telephone number, and employer for your next of kin
- Names, addresses, telephone numbers, and employers for two references residing at different addresses
- You might need the following information:
- Name, address, telephone number, and employer for your parent, if applicable
- Name, address, telephone number, and employer for your spouse, if applicable
- NOTE: Providing names and information for your spouse, parent, next of kin, and references does not obligate them to assist with repayment of your loan. Regulations require you provide this data so your loan holder can locate you, if, in the future, they have an invalid address or phone number.
- The student loan calculator in this session will help you calculate your estimated monthly payment. If you aren't sure how much you'll borrow, you can ask your school for the average student loan indebtedness of borrowers at the school or in your program of study at the school.
What to Do
- Read the content and answer the questions.
- Fill out the student information form. Use the comment box for any comments or questions you have for your school.
- Print the confirmation page that appears after you fill out the student information form or note your confirmation number for your records.
NOTE: Generally, the Back and Forward buttons on your browser will not work once you begin the counseling session. Use the buttons within the counseling to navigate.
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