If you have borrowed one or more federal student loans and/or a Federal TEACH Grant while at Stanford, you will need to complete an exit counseling requirement. Most student loan programs offer a six-month grace period following graduation during which you are not required to make monthly loan payments. An exception is the federal Perkins loan program, which has a nine-month grace period. For more information, please visit our Loan Repayment section of this site.
If you decide to take a leave of absence during the academic year, here are some primary steps to take:
File a Leave of Absence Form with the Office of the University Registrar. In addition, we recommend that you notify Student Financial Services and Housing Assignment Services, and update your address in Axess.
Submit an email to email@example.com indicating what quarter(s) you will be on leave, and what quarter you plan to return. We will adjust your award based on your change in enrollment.
Notify your student loan servicing agencies that you will be ceasing enrollment. Use the chart below to find the contact information for each loan servicing agency. If you expect to be out of school for longer than the grace period of your loan program, you must complete the exit counseling process, and you will need to begin making monthly payments when your grace period expires.
Federal Direct Subsidized/Unsubsidized Loans
Federal Direct PLUS Loans
Federal Stafford Subsidized/Unsubsidized Loans
Federal PLUS Loans
Log on to the National Student Loan Data System (NSLDS) using your federal PIN. Review the list of loans to determine the name and contact information of the servicing agency listed for each of your individual loans.
Federal Perkins Loans
Institutional Loans (borrowed directly from Stanford)
Contact Nelnet at (888) 486-4722
Reapply for aid for the next academic year. Application materials are available in January, and due in April. If you leave the University for a year or more, you will be subject to the aid policies in effect when you return.
Last update: January 14, 2014 1:48 PM