Perkins Loan Information. Perkins Loan Faqs

Perkins Loan Information. Perkins Loan Faqs

The Perkins Loan workplace handles all aspects of the loan once you begin the payment process. You need to contact this working workplace as soon as you graduate or fall below half-time at an organization of higher learning. To find out more begin to see the faqs below or phone 717-477-1393.

Shippensburg University
1871 Old Principal Drive, Area #112
Shippensburg, PA 17257
Mobile: 717-477-1393
Fax: 717-477-4086

What exactly is a Federal Perkins Loan?

A Federal Perkins Loan is just a low-interest (5 per cent) loan for both undergraduate and graduate students with excellent economic need. Your college will be your loan provider. The mortgage is manufactured with federal government funds having a share added by the institution. You have to repay this loan to your college.

What site do i take advantage of to perform my SU Perkins Loan Master Promissory Note/Entrance Counseling or SU Perkins Loan Exit Interview?

The web site to accomplish both is http: //www.

A Promissory Note” tab and then the “Shippensburg University of PA” tab and follow the directions on the SU Electronic Promissory Notes page to complete the Master Promissory Note/Entrance Counseling click on the“eSign.

To perform the Exit Interview log in by going into the SU School rule (09) your account number (SS #) and your PIN. (If you don’t know your pin, click on the “Need help logging in? ” tab. ) Please fill the exit Interview out totally and sign it electronically.

Can there be a fee with this loan?

A Perkins Loan borrower just isn’t charged any charges. Nevertheless, you will have to pay a late charge plus any collection costs if you skip a payment, make a payment late, or make less than a full payment. Belated fees will stay until your instalments are current.

Whenever do we repay my Perkins Loan?

You have got nine months once you graduate, leave college, or fall below half-time status before you decide to must start payment. This really is known as a grace duration. In the end of one’s grace duration, you have to start repaying your loan. You might be allowed around ten years to repay your loan.

Who can be billing me personally for my Perkins Loan?

The college can directly bill you or make use of a billing/servicing business. In the event that you received your loan from Shippensburg University, we make use of a billing/servicing business. The organization we use is Educational Computer Systems, Inc. (ECSI) positioned in Warrendale, PA. The target is:

Shippensburg University (AC09)
C/O Educational Personal Computers, Inc.
100 Worldwide View Drive
Warrendale, PA 15086

Please use P.O. Box 1278, Wexford, PA 15090 for several documents for education loan servicing, tuition payment plans, reimbursement disbursements, along with other services and products. Usually do not deliver re payments for this target.

Please use P.O. Box 718, Wexford, PA 15090 for many re payments for education loan servicing, tuition re payment plans, and delinquent student accounts receivable.

You could send your re payment straight to Shippensburg University. If you choose to mail the re payment to your college, please place your SUID number while the term Perkins within the memo section of the check.

Which office handles the Perkins Loan Program once we have actually graduated from college or stopped going to college for just about any explanation?

The Student Accounts office in the Old Main building, Room #112 located at 1871 Old Main Drive is responsible for Perkins Loans if you attended Shippensburg University. You can also contact ECSI, our Perkins Loan servicer, via your Perkins Loan account at http: //www. call ECSI cost free at 1-888-549-3274.

May I postpone repayment of my Federal Perkins Loan?

Yes. Under particular circumstances, you’ll be given a deferment or forbearance on your own loan. During a deferment, you might be permitted to temporarily postpone payments on you loan, with no interest accrues. You may receive a deferment under certain conditions, such as for example jobless.

Deferments are not automated. You need to submit an application for one using your Shippensburg University by finishing a deferment request kind. You need to register your deferment request on time or you’ll pay a charge that is late.

The Shippensburg University Perkins Loan office or ECSI (see ECSI contact information in the previous FAQ) for more details on deferments, contact

You can receive forbearance for a limited and specific period if you are temporarily unable to meet your repayment schedule but are not eligible for a deferment. During forbearance, your repayments are postponed or paid down. Interest will continue to accrue; you’re accountable for it.

Forbearance is certainly not automated either. Maybe you are issued forbearance in 3 to 12 intervals for up to three years month. You have to use written down for forbearance through Shippensburg University or ECSI. You’ll have to deliver documents to aid your ask for forbearance. You need to carry on making planned payments unless you are notified that deferment or forbearance was provided.

All forbearance and deferment types are available via our Perkins Loan servicer’s website at http: //www. and simply clicking the INSTALL FORMS tab and scrolling down seriously to the ECSI Forms.

I contact if I have a change of status, whom should?

You need to contact any office at the school whom handles the repayment of your Perkins Loan or their billing/servicing business with any modifications in title, target, phone number, Social Security number, or driver’s license quantity. In the event that you received your loan from Shippensburg University, go right to the ECSI website at http: //www. or call ECSI toll free at 1-888-549-3274.

Can my Federal Perkins Loan be terminated? Could be the loan reported to a Credit Bureau?

Yes, if the borrower dies or becomes completely and permanently disabled, the mortgage could be cancelled. That loan can qualify for cancellation also under particular other conditions – so long as the debtor just isn’t in standard. To learn more, go right to the ECSI web site at http: //www. call ECSI cost free at 1-888-549-3274.

Yes. Perkins Loan info is reported to a credit that is national following the initial disbursement of funds.

Extra questions online regarding your Federal Perkins Loan?