Perkins Loan Suggestions. Perkins Loan Faq’s

The Perkins Loan Office handles every aspect of the loan once you start the payment procedure. You need to contact this working workplace when you graduate or fall below half-time at an organization of greater learning. For more information begin to see the faqs below or phone 717-477-1393.

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

What exactly is a Federal Perkins Loan?

A Federal Perkins Loan is really a low-interest (5 %) loan for both undergraduate and graduate pupils with excellent economic need. Your college is the lender. The loan is made with government funds having a share added by the college. You have to repay this loan to your college.

What internet site do I use to accomplish my SU Perkins Loan Master Promissory Note/Entrance Counseling or SU Perkins Loan Exit Interview?

The web site to complete both is http: //www. Ecsi.net/myacct.

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 accomplish the Exit Interview log in by going into the SU School rule (09) your account quantity (SS #) and your PIN. (in the event that you don’t know your pin, click the “Need help logging in? ” tab. ) Please fill the exit Interview out entirely and signal it electronically.

Will there be a payment because of this loan?

A Perkins Loan debtor just isn’t charged any costs. Nonetheless, if you miss a repayment, create a repayment later, or make not as much as the full repayment, you’re going to have to spend a belated charge plus any collection expenses. Late costs will stay until your instalments are present.

Whenever do we pay off my Perkins Loan?

You’ve got nine months before you must begin repayment after you graduate, leave school, or drop below half-time status. This really is called an elegance duration. During the end of the elegance duration, you have to begin repaying your loan. You may be allowed around ten years to settle your loan.

Who can be billing me personally for my Perkins Loan?

The institution can directly bill you or work with 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) based in Warrendale, PA. The address is:

Shippensburg University (AC09)
C/O Academic Pcs, 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 items. Do not deliver re payments to the target.

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

It is possible to deliver your re re payment straight to Shippensburg University. If you opt to mail the re payment towards the school, please spot your SUID number plus the word Perkins within the memo part of the check.

Which workplace handles the Perkins Loan Program once we have actually finished from college or stopped going to school for some other explanation?

In the event that you attended Shippensburg University, the Student Accounts office in the Old Main building, Room #112 situated at 1871 Old Main Drive accounts for Perkins Loans. Or perhaps you can contact ECSI, our Perkins Loan servicer, via your Perkins Loan account at http: //www. Ecsi.net/myacctor call ECSI cost free at 1-888-549-3274.

Can I postpone payment of my Federal Perkins Loan?

Yes. Under particular circumstances, it is possible to be given a deferment or forbearance in your loan. Within a deferment, you are permitted to temporarily postpone re payments you loan, with no interest accrues. You may receive a deferment under particular conditions, such as for example jobless.

Deferments aren’t automatic. You need to make an application for one during your Shippensburg University by doing a deferment demand type. You need to register your deferment demand on time or you’ll pay a belated cost.

To get more information on deferments, contact the Shippensburg University Perkins Loan office or ECSI (see ECSI contact information in the earlier FAQ)

You can receive forbearance for a limited and specific period if you are temporarily unable to meet your repayment schedule but are castle payday loans phone number not eligible for a deferment. During forbearance, your repayments are reduced or postponed. Interest will continue to accrue; you might be in charge of it.

Forbearance isn’t automated either. Maybe you are issued forbearance in 3 to 12 month intervals for approximately 3 years. You need to use written down for forbearance through Shippensburg University or ECSI. You’ll have actually to present paperwork to guide your ask for forbearance. You have to carry on making planned re payments and soon you are notified that deferment or forbearance happens to be awarded.

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

If We have an alteration of status, whom can I contact?

You need to contact any office in the college whom handles the payment of your Perkins Loan or their billing/servicing business with any changes 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. Ecsi.net/myacct or call ECSI cost free at 1-888-549-3274.

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

Yes, if the borrower dies or becomes completely and permanently disabled, the mortgage may be terminated. Financing can additionally be eligible for termination under specific other conditions – so long as the debtor just isn’t in default. To learn more, go right to the ECSI site at http: //www. Ecsi.net/myacctor call ECSI toll free at 1-888-549-3274.

Yes. Perkins Loan info is reported up to a nationwide credit bureau following the initial disbursement of funds.

Additional questions regarding your Federal Perkins Loan?