Loan Repayment

Loan Exit Counseling (a.k.a. The Exit Interview)

When you are prepared to graduate from MSU, we will invite you to participate in Loan Exit Counseling, which you can do in person, by mail, or on the Internet. Loan counseling provides information on what to expect as you begin repaying your loans.

National Student Loan Data System (NSLDS)

The NSLDS lets you look up information about YOUR loans, including how much you owe and who your lenders and servicers are.

Who to contact after you graduate or leave MSU

  • For Stafford (Direct), Parent PLUS, and Grad PLUS loans:
    • If you borrowed through MSU before Fall 2003 or after Summer 2008, check your loan history on NSLDS to find your loan servicer. The website provides contact information for all Stafford (Direct) and PLUS loan servicers.
    • If you borrowed between Fall 2003 and Summer 2008, your loans are probably handled by Great Lakes Educational Loan Services (1-800-247-0462).
  • For Perkins, Health Professions, and Institutional loans:
    • For questions regarding your loan, please contact MSU Loans Receivable (1-517-355-5140).
    • Please be aware that ECSI is our third-party billing service provider. Once you begin repayment, you will receive statements from ECSI. Any questions regarding your loan should be directed to the MSU Loans Receivable Office (1-517-355-5140).
  • For private (alternative) loans, refer to your loan applications to find your lender or servicer.

Loan Payment Calculators

Loan Forgiveness Programs

Under certain circumstances, the federal government will cancel all or part of an educational loan. This practice is called loan forgiveness or loan cancellation.

Loan Consolidation

Before considering loan consolidation, you should be aware that if you received special borrower benefits by borrowing through MSU's suggested lenders, you may lose some of those benefits (including reduced interest rates). For more information, see our page on loan consolidation.

Financial Hardship, Deferment, Forbearance, Default

If you are unable to make your student loan payments, there are deferment and forbearance options available. The consequences of defaulting on your student loans are severe, so explore your options BEFORE you default.

Additional Helpful Links