Perkins Loan Ideas. Perkins Loan Faqs

The Perkins Loan workplace handles all aspects of the loan once the repayment is begun by you procedure. You ought to contact this workplace when you graduate or fall below half-time at an organization of greater learning. For more information start 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 %) loan for both undergraduate and graduate pupils with excellent need that is financial. Your college is the loan provider. The loan is produced with federal government funds having a share added by the institution. You need to repay this loan to your school.

What web site do i personally use to perform my SU Perkins Loan Master Promissory Note/Entrance Counseling or SU Perkins Loan Exit Interview?

The internet 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 perform the Exit Interview log in by going into the SU School rule (09) your bank 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 fee for this loan?

A Perkins Loan debtor is certainly not charged any costs. Nonetheless, if you miss a payment, create a repayment late, or make lower than the full repayment, you will need to spend a belated charge plus any collection expenses. Belated costs will stay until your repayments are current.

Whenever do we pay off my Perkins Loan?

You have got nine months before you must begin repayment after you graduate, leave school, or drop below half-time status. This can be called a elegance duration. In the final end of one’s elegance duration, you need to begin repaying your loan. You might be allowed as much as ten years to settle your loan.

Who can be billing me personally for my Perkins Loan?

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

Shippensburg University (AC09)
C/O Academic 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 re payment plans, refund disbursements, along with other items. Never deliver re payments for this target.

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

You may send your payment straight to Shippensburg University. If you opt to mail the re re payment into the college, please spot your number that is SUID and term Perkins within the memo section of the check.

Which workplace handles the Perkins Loan Program once I have actually finished from college or stopped school that is attending any kind of 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. Ecsi.net/myacctor call ECSI cost free at 1-888-549-3274.

Could I postpone payment of my Federal Perkins Loan?

Yes. Under specific circumstances, you can easily be given a deferment or forbearance on your loan. During a deferment, you might be permitted to temporarily postpone re re payments for you loan, and no interest accrues. You might be given a deferment under particular conditions, such as for example jobless.

Deferments aren’t automated. You need to apply for one throughout your Shippensburg University by finishing a deferment request kind. You need to file your deferment request on time or you’ll pay a belated fee.

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

If you’re temporarily not able to meet your payment routine but are not qualified to receive a deferment, it is possible to receive forbearance for a finite and particular period. During forbearance, your repayments are reduced or postponed. Interest continues to accrue; you might be in charge of it.

Forbearance just isn’t automated either. You are issued forbearance in 3 to 12 thirty days periods for as much as 3 years. You need to apply written down for forbearance through Shippensburg University or ECSI. You’ll have actually to present documentation to guide your ask for forbearance. You need to continue making planned re payments and soon you are notified that deferment or forbearance happens to be issued.

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

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

You need to contact any office in the college who handles the payment of your Perkins Loan or their billing/servicing business with any modifications in name, target, cell phone number, Social Security quantity, or driver’s license quantity. In the event that you received your loan from Shippensburg University, go directly 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 debtor dies or becomes completely and permanently disabled, the mortgage could be cancelled. A loan can additionally be eligible for a termination under particular other conditions – provided that the borrower just isn’t in standard. To learn more, go right to the ECSI web site at http: //www. Ecsi.net/myacctor call ECSI cost free at 1-888-549-3274.

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

Extra questions regarding your Federal Perkins Loan?