What is an exit interview?

Exit interviews for student loans

These days, employers are often required to offer an exit interview to employees who are resigning. The reasons for this are varied, but the main reason is to ensure the employee isn’t leaving on bad terms. In addition, the employer can gain valuable insight about the internal workings of their organization.

The same holds true with a student loan. Depending on the type of loan you have and the university you’re enrolled in, you may be required to complete an exit interview.

The purpose of this is to make sure you’re onboard and understand the terms of your loan. Consider it a recap of the entrance interview. The main goal is to reiterate your repayment responsibilities. You won’t have to sit in an auditorium to be lectured, but you will have to at least complete an exit interview report.

The report will ask for:

• Social security number
• Driver’s license
• Next of kin contact information
• A list of all your loans and the amounts, including repayment amounts
• Name and contact information of your expected employer (if you already know this)

While it might seem a bit redundant, make sure to follow through with the exit report. Many universities are obligated to withhold your transcripts until the exit interview has been completed.