Cardozo Law is closed on Tuesday, January 27.
Students may use the lobby and have access to their lockers on Tuesday, January 27.
Upcoming J.D. and LL.M. graduates who have received student loans while attending Cardozo and/or any other pervious school should review all of the information below and complete all of the required steps. Please contact the Office of Student Finance if you have any questions.
Step 1: Complete the mandatory online Exit Counseling session for federal student loans (Stafford and Graduate PLUS) on the Department of Education's website: www.studentloans.gov. This online Exit Counseling is REQUIRED by the Department of Education for any student who has received federal student loans while attending this instiution and is about to graduate OR fall below "half-time" status (less than 6 credits per semester) OR withdraw from the institution. Complete this step BEFORE graduating/dropping below "half-time"/withdrawing.
Step 2: Complete a paper Exit Counseling packet for the Cardozo YU Loan. This step only applies to students who have received Cardozo YU Loans. Students who have not received this loan can skip this step. Recipients of this loan will be notified by the Office of Student Finance prior to graduation in order to complete the paper Exit Counseling packet. This cannot be completed online.
Step 3: Create a comprehensive list detailing ALL of your student loans. This list should include every loan type (ex. Stafford, Graduate PLUS, YU Loan, etc.), who the federal servicer is for each loan, and the amount. You will absolutely need to account for every loan! Please take the following steps to organize:
Step 4: Attend an Exit Counseling Session. Group sessions are provided to exiting students usually toward the end of each semester. Angel / e-mail notifications are sent to the student body.
Step 5: Set up a one-on-one Exit Counseling meeting with the Director of Student Finance. The Director will reivew, in detail, your student loan history and repayment options. Angel / e-mail notifications are sent to the student body about appointment scheduling.
Step 6: Familiarize yourself with the variety of student loan repayment and forgiveness programs. It's important to chose the repayment plan that best works you. Student loan borrowers are not relegated to one repayment plan option. You will have options! Please visit the following websites for repayment and forgiveness details:
HELPFUL TOOL: Download Cardozo's Student Loan Exit Counseling Checklist by clicking HERE.
Step 3: Prior to entering into active repayment, you will want to review all of your repayment plan options for all of your loans. Your loan servicer(s) will provide you with these details, and you will ultimately select the apporpriate repayment plan(s) directly with your loan servicer(s). Typically, selecting the repayment plan(s) would occur during your 6 month grace.
Here is a list of some of the more commonly used repayment plans:
For a complete list of available federal repayment plans, please click HERE.
www.cardozo.yu.edu/debtmanagement: Cardozo's Debt Managment website contains in-depth information on student loan repayment plans, loan forgiveness, post-grad budgeting, and default programs.
www.studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/public-service: Public Service Loan Forgiveness
www.cardozo.yu.edu/lrap: Cardozo's Loan Repayment Assistance Program