Loan Exit Counseling and Repayment

Federal student loans offer fairly flexible repayment terms, including 10-year fixed repayment, graduated repayment, or income-based repayment for up to 25 years. To find out more about repayment options for Federal Direct Loans, contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243), or visit Direct Loans.

Federal loans offer other benefits. For example, students working in public service or in the military may be eligible for loan forgiveness. Or, if students have special circumstances, such as going back to school, losing a job, getting married, or having a child, they may be able to apply for forbearance or deferment. Check with the lender for details.

Private alternative loan repayment terms vary by lender.

Exit Counseling

All borrowers of federal loans must complete exit counseling before repayment begins. For the Federal Direct Stafford or PLUS Loans, exit counseling is completed online at For Federal Perkins Loans, exit counseling is completed in person at ISU's Office of the Controller.

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Office of Student Financial Aid
Tirey Hall 150
220 North 7th Street
Indiana State University
Terre Haute, IN 47809


The Catalog of Indiana State University is the document of authority for all students. The requirements given in the Catalog supersede information issued by any academic department, program, college, or school. The University reserves the right to change the requirements at any time. The right to correct errors is also reserved.