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 need to contact this workplace when you graduate or fall below half-time at an institution of higher learning. To find out more begin to see the faqs below or phone 717-477-1393.

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

What exactly is a Federal Perkins Loan?

A Federal Perkins Loan is really a low-interest (5 per cent) loan for both undergraduate and graduate students with excellent need that is financial. Your college is the lender. The mortgage is manufactured with government funds by having a share added by the institution. You need to repay this loan to your college.

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

The website to accomplish both is http: //www.

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 bank account number (SS #) and your PIN. (in the event that you don’t know your pin, click the “Need help logging in? ” tab. ) Please fill out of the Exit Interview totally and signal it electronically.

Will there be a fee for this loan?

A Perkins Loan debtor is certainly not charged any charges. However, you will have to pay a late charge plus any collection costs if you skip a payment, make a payment late, or make less than a full payment. Belated costs will stay until your instalments 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. That is called an elegance duration. During the final end of one’s grace duration, you need to start repaying your loan. You might be allowed as much as a decade to settle your loan.

That will be billing me for my Perkins Loan?

The institution can directly bill you or make use of a billing/servicing business. In the event that you received your loan from Shippensburg University, we work with a billing/servicing business. The business we utilize is Educational Computer Systems, Inc. (ECSI) positioned in Warrendale, PA. The target 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 many documents for education loan servicing, tuition re re payment plans, reimbursement disbursements, along with other items. Usually do not deliver re payments for this target.

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

You’ll be able to deliver your re payment straight to Shippensburg University. If you decide to mail the re re payment into the school, please spot victoria milan your number that is SUID and word Perkins within the memo section of the check.

Which workplace handles the Perkins Loan Program once we have finished from college or stopped going to school for just about any 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. Or perhaps you can contact ECSI, our Perkins Loan servicer, via your Perkins Loan account at http: //www. call ECSI cost free at 1-888-549-3274.

May I postpone repayment of my Federal Perkins Loan?

Yes. Under specific circumstances, you can easily get a forbearance or deferment in your loan. During a deferment, you are permitted to temporarily postpone re re payments for you loan, with no interest accrues. You may get a deferment under certain conditions, such as for instance jobless.

Deferments aren’t automatic. You need to submit an application for one throughout your Shippensburg University by finishing a deferment request type. You have to file your deferment request on time or you’ll pay a belated cost.

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

You can receive forbearance for a limited and specific period if you are temporarily unable to meet your repayment schedule but are not eligible for a deferment. During forbearance, your instalments are reduced or postponed. Interest will continue to accrue; you will be accountable for it.

Forbearance just isn’t automatic either. Perhaps you are granted forbearance in 3 to 12 intervals for up to three years month. You need to apply written down for forbearance through Shippensburg University or ECSI. You’ll have to present paperwork to aid your request forbearance. You have to continue making scheduled re payments unless you are notified that deferment or forbearance happens to be given.

All forbearance and deferment forms are available via our Perkins Loan servicer’s website at http: //www. and clicking on the INSTALL FORMS tab and scrolling right down to the ECSI Forms.

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

You ought to contact any office in the school who handles the payment of your Perkins Loan or any changes to their billing/servicing company in name, target, cell 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. 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 totally and permanently disabled, the mortgage may be cancelled. That loan can also be eligible for termination under specific other conditions – so long as the debtor is certainly not in default. To learn more, go directly to the ECSI web site at http: //www. call ECSI cost free at 1-888-549-3274.

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

Extra questions regarding your Federal Perkins Loan?

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