Oh yeah, I was told that it goes for those who have a federal loan but has some kind of specifics conditions, is that right?
You're not mistaken. Effectively, Exit Counseling is reserved for those students who want to prepare themselves for repaying their loans, being these from federal programs. In any case, you must go through counseling each time you drop below half-time enrollment, you graduate or you leave the school.
Oh, i see. It seems wider that i thought. This counseling takes too long to do it?
Not at all.  It is a very simple process. Most people just need about 20 or 30 minutes to successfully complete the counseling session.