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 exit counseling:
- Social Security number, date of birth, and FSA ID
- 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
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. Please log in using your FSA ID.
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.
Loan Repayment Options
Following are two sites that give valuable information on repaying your federal student loans. You will have access to information that will assist you in deciding on a repayment plan that works for you.