Wayne State University

Aim Higher

Information for Graduating Students

Important Steps for Student Loan Repayment

  1. Complete required Federal Loan Exit Counseling

Federal Direct Loan Exit Counseling

Federal Perkins Loan Exit Counseling

  1. Review your federal loans and your loan servicers


Loan Servicer Contact Information


A recent law was signed to temporarily eliminate the interest subsidy provided on Direct Subsidized Loans during the six month grace period provided to students when they are no longer enrolled on at least a half-time basis.

This change will be effective for new Direct Stafford Loans for which the first disbursement is made on or after July 1, 2012, and before July 1, 2014.