All students who have borrowed a Federal Perkins Loan must complete an online loan exit.
How to get started...
Go to the following website: www.uasexit.com
You will be required to print your repayment schedules and complete the following session steps (approximately 15 minutes to complete):
Have the following information available...
There is a session bar at the top of your screen to let you know how far you have gone in the exit process. If you have to leave the exit session early, you will resume where you stopped. Once the exit interview session is complete, you will receive an e-mail containing repayment terms, rights and responsibilities, deferment benefits, cancellation benefits, repayment schedule, truth-in-lending statement and a budget worksheet.
Note: Incomplete sessions within 7 days will generate an electronic reminder.
This is a five year process, requiring a form at the beginning and the end of each service year. Loans are cancelled at the rate of 15% of the principal for years 1 & 2' 20% for years 3 & 4; and the final 30% in year 5 for the following areas recognized by the Federal Government:
For Nursing Loans: The Nursing Education Loan Repayment Program (NELRP) assists in the recruitment and retention of professional nurses in underserved areas. For more details, click here or call (877) 464-4772.