Northern State University
in Aberdeen, SD
It is a federal government requirement that borrowers who have graduated or enroll less than half-time complete student loan exit counseling. The required exit interview will help you understand your rights and obligations as a student loan borrower.
2007 NSU graduates' average loan indebtedness is $21,268 in federal student loans. The repayment for those loans, using a fixed interest rate of 6.8%, would be approximately $244.75 per month for 10 years.
You will be asked for the amount of your loans and the lender when you do the exit counseling session. This information is available on the federal government's central database, National Student Loan Data System (NSLDS). You can access all information about your loans with the federal PIN that you used to do your FAFSA. The website www.nslds.ed.gov will always give you the most updated information about your loans.
Along with information about your loans, be prepared to provide:
Your Social Security number
Your driver's license number
Your permanet mailing address and phone number
Your parent's (or closest relative's) name, address and phone number
Your expected employer and address and phone number (Enter "unknown" if you don't have one yet)
The names, addresses and phone numbers of TWO references at different addresses
If you have any questions once you have completed your exit counseling requirement please feel free to contact our office. Our office hours are Monday through Friday from 8:00 a.m. to 5:00 p.m. You can reach us by calling 1-800-678-5330 or (605) 626-2640 or emailing us at email@example.com.
In the future, if you have problems repaying your loans, you should contact the school, lender, guarantor or servicer of your loans for assistance. If you feel that you still need assistance, there is a federal resource available to help resolve your problem. You can contact the SFA Student Loan Ombudsman toll-free at 1-877-557-2575.
NSU Financial Aid