2808.01.02.01  CONTENT

References:  34 C.F.R. 674.42; NACUBO/SLCP, pp. 7, 34-37; NASFAA 
Encyclopedia 5.9.3.1.

The purpose of the exit interview is to provide the borrower with a 
repayment schedule and to remind the borrower of the rights and 
responsibilities pertaining to the loan.  During the interview, the institution 
must provide copies of the borrower's signed promissory note(s) and the 
repayment schedule showing the total amount of the loan, the repayment 
amount, and the date each repayment is due.  A checklist of rights and 
responsibilities is recommended.  The institution also should obtain updated 
personal and confidential information at this time.