The newest Perkins Loan office covers every aspect of your own loan once you begin the fresh repayment procedure

The newest Perkins Loan office covers every aspect of your own loan once you begin the fresh repayment procedure

You really need to contact which workplace after you scholar otherwise slip less than half-go out in the a place away from higher reading. To find out more see the Faqs below otherwise phone call 717-477-1393.

Perkins Financing Frequently asked questions

A federal Perkins Mortgage try a reduced-attract (5 per cent) loan both for student and you can scholar college students that have exceptional economic you would like. Your own school is the lender. The mortgage is made with regulators loans having a share provided by the school. You need to pay off that it loan on the college.

Exactly what web site manage I take advantage of accomplish my SU Perkins Mortgage Master Promissory Mention/Access Counseling otherwise SU Perkins Mortgage Get-off Interviews?

To accomplish the dog owner Promissory Mention/Entrance Counseling click the “eSign an effective Promissory Mention” case and then the “Shippensburg University out-of PA” tab and you may proceed with the rules to the SU Electronic Promissory Notes webpage.

To-do new Get-off Interview log in from the entering the SU University password (09) your bank account count (SS #) along with your PIN. (Or even understand your pin, click on the “Need help log in?” case.) Excite submit new Log off Interview completely and you may signal it digitally.

A good Perkins Loan borrower is not energized any charges. Yet not, for folks who forget a fees, create a repayment late, or build lower than the full payment, you’ll have to pay a late fees and additionally people collection will cost you. Late fees continues until your payments are latest.

You’ve got 9 days once you graduate, leave school, or miss below half of-go out updates before you need to begin fees. This might be called a grace period. At the conclusion of their grace period, you need to start settling your loan. You are greeting to 10 years to settle your financing.

The school can be bill you really otherwise use a billing/upkeep business. If you received the loan from Shippensburg College or university, we explore a billing/repair business. The business we use are Educational Computers, Inc. (ECSI) based in Warrendale, PA. The newest address try:


Delight play with P.O. Package 1278, Wexford, PA 15090 for all documents having student loan upkeep, tuition commission preparations, reimburse disbursements, or any other facts. Do not posting payments to this target.

Excite play with P.O. Box 718, Wexford, PA 15090 for all money to possess education loan upkeep, tuition fee plans, and you may outstanding student accounts receivable.

You can also posting your own fee right to Shippensburg College. If you decide to send the fresh fee towards the university, delight put your SUID number while the word Perkins regarding the memo a portion of the see.

Hence workplace covers the brand new Perkins Mortgage System as i has graduated off college or university otherwise eliminated attending college or university for any other cause?

For people who went to Shippensburg School, the fresh new Pupil Levels place of work regarding the Dated Main building, Space #112 found at 1871 Dated Chief Drive accounts for Perkins Financing. Or you can get in touch with ECSI, our Perkins Financing servicer, throughout your Perkins Financing account at otherwise telephone call ECSI toll-free from the 1-888-549-3274.

Sure. Below specific items, you might discover a great deferment otherwise forbearance on your mortgage. Throughout a good deferment, you are permitted to temporarily postpone money you mortgage, and no notice accrues. It is possible to receive an excellent deferment significantly less than certain standards, such as for example jobless.

Deferments are not automated. You must apply for one via your Shippensburg College from the completing a great deferment consult function. You must document their deferment request timely or possible pay a late costs.

To get more information on deferments, contact brand new Shippensburg College or university Perkins Loan office otherwise ECSI (see ECSI contact information in the earlier FAQ)

When you’re temporarily incapable of see their payment agenda however, are not qualified to receive a good deferment, you could receive forbearance having a limited and you may particular period. During the forbearance, your repayments was postponed or faster. Desire continues to accrue; you are accountable for it.

Forbearance isn’t automated often. You are provided forbearance in the 3 so you’re able to a dozen month durations for as much as 36 months. You must use on paper for forbearance as a consequence of Shippensburg College or university otherwise ECSI. You’re going to have to provide documentation to help with your own obtain forbearance. You should remain making booked costs unless you try notified you to deferment or forbearance could have been offered.

All of the deferment and forbearance forms appear through the Perkins Loan servicer’s webpages from the and simply clicking the fresh new Download Forms loss and scrolling right down to the latest ECSI Forms.

You will want to get in touch with work at university which handles new fees of one’s Perkins Mortgage otherwise its charging/maintenance company with one alterations in name, address, phone number, Societal Defense matter, otherwise license number. If you acquired the loan off Shippensburg School, go to the ECSI website from the otherwise call ECSI toll free at the step 1-888-549-3274.

Sure, in the event the debtor becomes deceased or will get entirely and forever disabled, the mortgage are going to be cancelled. A loan may also qualify for cancellation less than specific almost every other criteria – provided brand new debtor is not when you look at the standard. For more information, check out the ECSI web site during the otherwise telephone call ECSI toll-free within step one-888-549-3274.

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