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 financialaid@stanford.edu 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. Below is contact information for various loan servicing agencies. If you expect to be out of school for longer than the grace period of your loan program, you should complete the exit counseling process as described above, and you should expect to begin making monthly payments when your grace period expires.
Federal Direct Loans |
Federal Perkins and University loans |
Federal Family Education Loans |
SNAP loans |
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: October 15, 2013 1:44 PM