Exiting/Graduating Students

If you have borrowed student loans and will no longer be attending Pima Community College, there are some things that you need to do and information you must understand. Details are in the Financial Aid Handbook. 
 

Withdrawing

If you completely withdraw from Pima, meaning you have dropped all of your classes, you may owe money to the College or Department of Education. You will receive a letter to the address on file with the College, indicating if you have a balance due. It is a good idea to contact Pima’s financial aid office whether or not you receive a letter.
 

Not Attending Next Semester

If you are not attending Pima or any other school next semester, your loans are entering their grace period. That means you have 6 months before you must begin to make payments on them.
 

Transferring from Pima

If you are transferring to another college, notify Pima as early as possible so that your aid can be cancelled, allowing for a smooth financial aid transfer processes. If you enroll for at least 6 credits at your next school, your loans will be remaining in deferment, meaning they don’t have to be paid back yet. Make sure your school reports your enrollment to the National Clearinghouse or submit a paper deferment form to your loan server. If you enroll in fewer than 6 credits, your loans enter their grace period, which means you have 6 months before you must start to make payments on them.
 
Regardless, you must check your most recent MyPima, Financial Aid tab, for the Loan Exit Counseling red X icons in the requirement section.
 

Graduating from Pima

If you will continue your education, check out the additional information in the Transferring from Pima section above. If you are entering the workforce, you need to be aware that your loans have entered their grace period. This means you have 6 months before you must start to make payments on them.  You need to know all your repayment options, which include deferments and forbearance options.  
 
To ensure you fully understand what is going to happen, follow these directions:
Check your most recent MyPima, Financial Aid tab, for the Loan Exit Counseling red X icons in the requirement section.