Student Loan Repayment

DIRECT Loan Exit Counseling

Federal student aid regulations require all student borrowers that graduate, withdraw or drop below half time to complete exit counseling at https://studentloans.gov.

Exit counseling provides important information you will need as you prepare to repay your federal student loans, such as repayment plans, deferment options and forbearance options. You will need to complete this exit counseling even if you plan on continuing your education in the future, at Simpson University or elsewhere.

USEFUL INFORMATION TO HAVE WHEN COMPLETING COUNSELING:

  • Social Security number, date of birth, and FAFSA pin
  • Any details on your income, financial aid, and living expenses
  • Names, addresses, e-mail addresses, and phone numbers for: your next of kin, two references who live in the US, and your future employer (if known)

Please note: Until you have completed this required exit counseling you will not be able to receive Simpson transcripts or register for future courses.

Perkins Loan Repayment

Federal student aid regulations require all Perkins loan borrowers that graduate, withdraw or drop below half time to complete exit counseling. Although Simpson University is the loan holder, Educational Computer Systems, Inc (ECSI) services all of our Perkins loans.

When you need to complete exit counseling, ECSI will notify you via email. If you do not hear from them or have questions regarding your repayment, feel free to contact them at:

Educational Computer Systems, INC (ECSI)
181 Montour Run Road
Coraopolis, PA 15108

888-549-3274
webservice@ecsi.net

Loan History

To view your entire federal loan history from all schools you attended, login to www.nslds.ed.gov and select “Financial Aid Review” to see your federal student loan information, such as amounts, servicers and contact numbers. You can also go to http://studentaid.ed.gov/repay-loans to learn more about loan repayment.

If you are having trouble repaying your loans, make sure to contact your lender as soon as possible! There are many different repayment plans, as well as deferment and forbearance options. Be in good communication with your servicer to maximize all of your student federal loan benefits.

Money Management

Financial health can begin as a college student, even when you have little money. If you wait to be fiscally responsible until you have a “career”, you could be setting yourself up for financial hardship in the future.

Here are some resources to help guide you in establishing and maintaining financial health now!

https://studentloans.gov/
Federal Student Aid gives you the most up to date information on aid programs, managing repayment, completing counseling, and general financial aid information.

https://mytg.tgslc.org/borrower
Texas Guaranteed Student Loan Corporation (TG) is a nonprofit company that is dedicated to helping students and families navigate financial responsibility. By creating a “myTG” login, you will have access to free spending plans, debt calculators, financial literacy and more!

http://www.finaid.org/
The SmartStudent Guide to FinancialAid provides information about scholarships, loans, savings, military aid, calculators and more.