Brand new Perkins Loan-office handles all aspects of financing just after you start the brand new cost techniques


You should get in touch with this workplace once you scholar otherwise fall less than half-go out within a place regarding large learning. To learn more see the Frequently asked questions lower than or telephone call 717-477-1393.

Perkins Loan Faq’s

A federal Perkins Financing is a decreased-attract (5 percent) loan for both undergraduate and scholar people which have exceptional monetary need. Your school is your financial. The borrowed funds is produced with bodies fund which have a share discussed by the college. You ought to pay back so it financing to the school.

Exactly what webpages perform I prefer to complete my SU Perkins Mortgage Learn Promissory Mention/Entrances Guidance otherwise SU Perkins Loan Leave Interviews?

To-do the proprietor Promissory Notice/Entry Counseling click the “eSign a beneficial Promissory Mention” loss and then the “Shippensburg College out of PA” tab and you may stick to the tips into SU Digital Promissory Cards web page.

To do the Leave Interview sign in by the going into the SU College password (09) your account number (SS #) as well as your PIN. (Or even see your own pin, click on the “Need assistance logging in?” case.) Delight complete the new Get-off Interview entirely and you can sign it electronically.

A Perkins Loan borrower is not charged people fees. not, for people who skip a payment, generate a repayment late, or generate less than an entire commission, you’ll have to spend a belated fees together with one collection will cost you. Later charge continues up to your repayments try current.

You really have 9 weeks once you graduate, get off college, or lose less than 50 % of-go out reputation one which just need initiate installment. This really is titled a grace several months. At the conclusion of your sophistication several months, you ought to begin paying off the loan. You may be greeting around ten years to repay your own loan.

The college normally costs you myself otherwise fool around with a payment/upkeep team. For many who gotten your loan regarding Shippensburg College or university, i fool around with a billing/maintenance company. The company i play with is Educational Personal computers, Inc. (ECSI) based in Warrendale, PA. The fresh address is actually:

Please fool around with P.O. Container 1278, Wexford, PA 15090 for all files to own education loan maintenance, university fees commission plans, refund disbursements, or other activities. Do not publish costs to that address.

Delight use P.O. Field 718, Wexford, PA 15090 for all payments to have student loan servicing, university fees payment arrangements, and you will unpaid scholar profile receivable.

You could post your fee right to Shippensburg University. If you decide to mail the fresh new commission into school, delight put your SUID matter therefore the keyword Perkins on the memo a portion of the evaluate.

And this place of work handles the newest Perkins Financing System whenever i has graduated off school or stopped browsing school for other cause?

For many who went to Shippensburg School, this new Scholar Accounts place of work regarding the Dated Main strengthening, Room #112 located at 1871 Dated Main Drive accounts for Perkins Loans. You can also get in touch with ECSI, our very own Perkins Financing servicer, throughout your Perkins Loan membership at the otherwise name ECSI toll-free at step one-888-549-3274.

Sure. Less than specific factors, you could found a great deferment otherwise forbearance in your financing. Throughout an excellent deferment, you are allowed to temporarily postpone money on you loan, with no appeal accrues. It’s also possible to located a deferment around certain standards, for example unemployment.

Deferments aren’t automatic. You ought to get that through your Shippensburg University of the doing a great deferment request function. You ought to file the deferment request promptly or possible pay a late costs.

To get more info on deferments, contact new Shippensburg School Perkins Loan office otherwise ECSI (pick ECSI email address in the earlier FAQ)

If you’re temporarily incapable of fulfill the installment plan however, are not eligible for good deferment, you could found forbearance getting a restricted and you may specific several months. Through the forbearance, your repayments are put-off or shorter. Attract continues to accrue; you are guilty of it.

Forbearance is not automatic possibly. You may be provided forbearance during the 3 to help you a dozen month times for up to three-years. You ought to incorporate written down to possess forbearance due to Shippensburg College or university or ECSI. You are going to need to render paperwork to help with your own ask for forbearance. You must remain and work out arranged repayments if you do not was informed one deferment otherwise forbearance might have been offered.

All deferment and you will forbearance models come via our very own Perkins Mortgage servicer’s website within and hitting the fresh Down load Models tab and scrolling as a result of the fresh ECSI Models.

You should contact work during the university exactly who covers new repayment of one’s Perkins Loan or its charging you/maintenance organization having any alterations in name, address, contact number, Personal Security count, or driver’s license number. For folks who received the loan out of Shippensburg College or university, check out the ECSI web site at or telephone call ECSI toll free from the 1-888-549-3274.

Yes, in case the borrower dies or becomes completely and you can forever handicapped, the borrowed funds is cancelled. Financing also can be eligible for cancellation under particular other standards – as long as the new borrower isn’t inside the default. To find out more, look at the ECSI web site on otherwise name ECSI toll-free at the 1-888-549-3274.