Financial Aid

Direct Loan Exit Counseling

Federal regulations require all students who have received Federal Direct Loans (subsidized and/or unsubsidized) to have loan exit counseling for the following reasons:

• Student has graduated
• Student is attending less than half-time
• Student is not returning to LSSU

Students who fall into one of these three categories are sent exit counseling information by mail. You may also view a short video that explains the basic facts about repayment of subsidized and unsubsidized Federal Direct Loans along with the student's rights and responsibilities as a borrower. Other important topics such as deferment, consolidation, and default are discussed. This information will help you to manage the repayment of your student loan debt and to avoid any difficulties that could adversely affect your credit rating or your eligibility for student loans and other aid in the future.

You may also complete the exit counseling online at http://www.dl.ed.gov.

Click here for Exit Interview Reference Page.

NOTE: Consolidation of Federal Student Loans through a private loan company will convert the federal student loans to private loans and lose all military student loan repayment availability.

If you have any questions, please contact us by phone at (906) 635-2678 or by fax at (906) 635-6669.