For students who are graduating, totally withdrawing, or dropping below 6 credits of enrollment from the University -you must also complete Exit Counseling if you have ever borrowed any of the following federal loans - Stafford, Direct, or Perkins from any educational institution. If you are required to complete Perkins Exit Counseling, you will receive an email to your campus email account from our Perkins loan servicer ECSI. (Students seeking information about repayment options, grace periods, and consequences of not repaying your student loan can visit Student Aid on the Web).
CSU-Pueblo has partnered with American Student Assistance to bring the SALT program our students and alumni free of charge. Once registered with SALT (www.saltmoney.org/csupueblo), you can import your actual loan information from the National Student Loan Data System and see what your payments would be with the various repayment plans available. You can also estimate what your payment would be if you were to add additional loans, in case you are considering borrowing again.
Several other website provide calculators to estimate what potential loan payments could be once repayment begins, helpful in determining how much you can reasonably afford to borrow.
Financial Awareness Counseling Tool
The Financial Awareness Counseling Tool allows students to personalize five interactive modules about loans, budgeting, repayment, default, and financial planning. To import your personal information you will need to log in with your FAFSA four-digit PIN. Once logged into the site, select "Complete Counseling" and follow the prompts. FACT is not required, but is encouraged to provide you with additional information regarding successful repayment of your federal student loans.
Additionally, there are many resources available to students for information regarding loan repayment. A few select websites and resources are highlighted below that may be useful when entering repayment or for those who want more information about repayment options.
Please note that repayment plans, loan forgiveness provisions, and requests to postpone repayment are all managed through the loan lender.
If you are unsure of your lender/servicer, please use the National Student Loan Data System for information.
National Student Loan Data System
Students can view their federal loan history at any time 24/7 through the National Student Loan Data System. You will need your PIN (the same used to sign your FAFSA and Master Promissory Note) to log into the system. For questions regarding NSLDS, please contact the Federal Student Aid Center at 1-800-4FED-AID.
Other Repayment Information
It is also important to take starting salaries into account when determining how much student loan to utilize. Take the time to research and utilize resources available to help make a reasonable assumption as to what potential earnings could be in a chosen field or profession.
For a comprehensive review of customizable information on repayment and expected salaries, check out the "Student Loan Game Plan" provided by Iowa Student Loan.