Federal Direct Loan Exit Counseling The federal government requires Federal Direct Loan borrowers to complete Federal Direct Exit Loan Counseling when you graduate, leave school, or drop below half-time enrollment. Exit counseling provides important information you need to prepare to repay your federal student loans. Federal Direct Subsidized Loan Federal Direct Unsubsidized Loan Federal Direct Loan Interest and Fees How to Apply for a Federal Direct Loan E-sign the Federal Direct Loan Master Promissory Note (MPN) Federal Direct Loan Entrance Counseling Receiving Federal Direct Loan Funds Request Reduction or Cancellation of Federal Direct Loans Federal Direct Loan Limits Federal Direct Loan Exit Counseling Federal Direct Loan Repayment Additional Federal Direct Loan Information