Section 2006-H. Exit counseling.
(a) General rule.--Each institution of higher education that receives information regarding Federal education loans or other student loans that may require repayment for a student enrolled at the institution of higher education shall make financial aid counseling available to each student at the end of the student's final academic term, unless the individual selects not to participate. ((a) amended Nov. 12, 2025, P.L.244, No.47)
(b) Counseling for graduating students.--The financial aid counseling for a student who graduates at the end of the academic term shall, at a minimum, include:
(1) A list of all available Federal and State programs, including, if available, related websites and contact information, that may assist with payments, reductions or forgiveness of the individual's student loans.
(2) All available repayment options on student loans known to the institution of higher education and, if available, a link to an online student loan payment calculator.
(3) Information on when a student's loan payments will begin and information on assistance with delaying repayment of loans.
(4) Any other information that the institution of higher education deems necessary to help an exiting student understand options relating to repaying student loans.
(c) Counseling for students who transfer or withdraw.--With respect to a student who leaves an institution of higher education without the knowledge of the institution or transfers to another institution, the institution shall attempt to make financial aid counseling available to the student unless the student has Federal education loans or other student loans known to the institution of higher education that do not require repayment. If the institution is unable to get in contact with the student, the institution shall mail the information described in subsection (b) in writing to the student at the last known address on file. ((c) amended Nov. 12, 2025, P.L.244, No.47)
(d) Method of counseling.--An institution of higher education may offer the counseling required under this section in person or virtually and may partner with the Pennsylvania Higher Education Assistance Agency or a similar entity to provide the required counseling.
(2006-H added July 17, 2024, P.L.818, No.69)