The fresh Perkins Loan office handles all facets of your financing shortly after you start this new fees procedure


The fresh Perkins Loan office handles all facets of your financing shortly after you start this new fees procedure

You will want to get in touch with this workplace once you graduate otherwise slip lower than half-time in the a facilities away from highest reading. For more information comprehend the Faqs less than otherwise phone call 717-477-1393.

Perkins Financing Faq’s

A federal Perkins Mortgage is a minimal-interest (5 per cent) financing both for undergraduate and you may scholar youngsters that have exceptional financial you desire. Your own college is your bank. The borrowed funds is made with regulators finance having a percentage discussed by the university. You ought to pay off that it mortgage into the school.

Exactly what webpages would I take advantage of to accomplish my SU Perkins Financing Grasp Promissory Note/Access Counseling otherwise SU Perkins Loan Leave Interviews?

To complete the proprietor Promissory Note/Entrances Counseling click the “eSign a beneficial Promissory Note” loss and then the “Shippensburg School regarding PA” tab and proceed with the advice into the SU Electronic Promissory Cards web page.

To-do the fresh Hop out Interview sign in by going into the SU College or university code (09) your bank account number (SS #) and your PIN. (Or even discover their pin, click on the “Need assistance log in?” tab.) Delight fill in new Log off Interview completely and indication they electronically.

An effective Perkins Mortgage borrower is not recharged any charge. But not, for individuals who forget about an installment, make a cost later, or generate less than a complete fee, you are going to need to pay a later part of the charge in addition to people range will cost you. Later charges will continue until your repayments is actually latest.

You really have 9 weeks after you scholar, get off university, or miss less than 1 / 2 of-big date position before you can have to initiate cost. This really is called an elegance months. At the conclusion of their elegance months, you need to initiate paying off the loan. You might be greeting to ten years to repay the loan.

The school is expenses you personally otherwise fool around with a billing/upkeep providers. For individuals who received the loan of Shippensburg University, we fool around with a payment/upkeep company. The business we play with is actually Instructional Personal computers, Inc. (ECSI) situated in Warrendale, PA. Brand new target is actually:

Excite use P.O. Package 1278, Wexford, PA 15090 for all documentation to have education loan maintenance, university fees fee arrangements, reimburse disbursements, or other items. Don’t send money to that target.

Excite play with P.O. Package 718, Wexford, PA 15090 for all repayments getting education loan maintenance, tuition fee plans, and you can outstanding pupil accounts receivable.


It is possible to send their percentage to Shippensburg School. If you opt to mail the newest payment toward school, excite put your SUID matter and term Perkins in the memo part of the consider.

And that office covers brand new Perkins Loan Program whenever i enjoys graduated away from school or stopped probably university for other cause?

For many who went to Shippensburg College or university, this new Scholar Profile place of work on the Dated Chief building, Place #112 found at 1871 Old Main Drive is responsible for Perkins Finance. Or you can contact ECSI, our Perkins Mortgage servicer, during your Perkins Loan account within otherwise phone call ECSI toll free at 1-888-549-3274.

Yes. Below specific things, you could discovered a deferment otherwise forbearance on the mortgage. During a beneficial deferment, you are allowed to briefly postpone costs on you financing, no notice accrues. You can discovered an excellent deferment less than specific criteria, such as for instance jobless.

Deferments aren’t automatic. You should submit an application for you to definitely through your Shippensburg College or university by finishing a great deferment demand setting. You should file your deferment request punctually otherwise you’ll pay a belated fees.

To get more informative data on deferments, get in touch with the new Shippensburg College or university Perkins Loan-office otherwise ECSI (select ECSI contact information in the earlier FAQ)

Whenever you are temporarily not able to meet your own installment schedule however, are not entitled to a great deferment, you might discover forbearance to have a restricted and you will particular months. While in the forbearance, your payments are defer or reduced. Notice continues to accrue; you are guilty of they.

Forbearance is not automatic sometimes. You’re offered forbearance into the step 3 so you can several times periods for approximately three years. You ought to implement written down to possess forbearance using Shippensburg University otherwise ECSI. You will have to render files to help with their ask for forbearance. You should remain and come up with scheduled costs if you do not is actually informed one deferment otherwise forbearance might have been supplied.

All of the deferment and you will forbearance variations arrive through the Perkins Mortgage servicer’s website from the and you will hitting the latest Obtain Versions case and you may scrolling right down to the fresh ECSI Forms.

You need to contact the office from the college or university whom protects the new cost of your Perkins Loan or its asking/servicing business which have one alterations in identity, address, number, Social Safety amount, or driver’s license matter. For people who obtained the loan of Shippensburg College or university, check out the ECSI web site in the or call ECSI toll free at the 1-888-549-3274.

Yes, in case your debtor passes away or becomes totally and you may permanently handicapped, the borrowed funds can be terminated. Financing may also qualify for termination under specific almost every other requirements – provided the brand new debtor is not in the default. To learn more, look at the ECSI site in the or label ECSI toll free on 1-888-549-3274.


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