The Perkins Loan Office handles all aspects of one’s loan once the repayment is begun by you procedure. You need to contact this working office as soon as you graduate or fall below half-time at an organization of greater learning. To find out more see the Frequently Asked Questions below or call 717-477-1393.
1871 Old Principal Drive, Area #112
Shippensburg, PA 17257
What’s a Federal Perkins Loan?
A Federal Perkins Loan is just a low-interest (5 percent) loan both for undergraduate and graduate pupils with exemplary need that is financial. Your college is the loan provider. The loan is produced with federal government funds with 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 web site to complete both is http: //www. Ecsi.net/myacct.
To accomplish the Master Promissory Note/Entrance Counseling click the “eSign a Promissory Note” tab after which the “Shippensburg University of PA” tab and stick to the instructions regarding the SU Electronic Promissory Notes page.
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 on the “Need help logging in? ” tab. ) Please fill out of the Exit Interview totally and sign it electronically.
Will there be a fee with this loan?
A Perkins Loan borrower just isn’t charged any costs. 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 present.
Whenever do we pay off my Perkins Loan?
You’ve got nine months once you graduate, leave school, or fall below half-time status before you decide to must start payment. It is known as an elegance duration. During the end of the elegance period, you need to start repaying your loan. You may be allowed up to ten years to settle your loan.
Who’ll be billing me personally for my Perkins Loan?
The institution can directly bill you or work with a billing/servicing business. In the event that you received your loan from Shippensburg University, we make use of billing/servicing company. The organization we utilize is Educational Computer Systems, Inc. (ECSI) positioned in Warrendale, PA. The address is:
Shippensburg University (AC09)
C/O Educational Personal Computers, Inc.
100 Global View Drive
Warrendale, PA 15086
Please use P.O. Box 1278, Wexford, PA 15090 for all documents for education loan servicing, tuition re payment plans, reimbursement disbursements, as well as other services and products. Try not to deliver re payments for this target.
Please use P.O. Box 718, Wexford, PA 15090 for many re re payments for education loan servicing, tuition payment plans, and student that is delinquent receivable.
You may deliver your payment straight to Shippensburg University. If you opt to mail the re payment to your college, please spot your SUID number in addition to term Perkins into the memo part of the check.
Which workplace handles the Perkins Loan Program once we 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 https://besthookupwebsites.net/chatrandom-review/ at 1-888-549-3274.
Can I postpone payment of my Federal Perkins Loan?
Yes. Under specific circumstances, you are able to get a forbearance or deferment on your own loan. Within a deferment, you might be permitted to temporarily postpone re payments you loan, with no interest accrues. You might be given a deferment under certain conditions, such as for instance jobless.
Deferments aren’t automated. You have to make an application for one during your Shippensburg University by doing a deferment demand kind. You have to register your deferment demand on time or you’ll pay a charge that is late.
For lots more details on deferments, contact the Shippensburg University Perkins Loan workplace or ECSI (see ECSI contact information in the last FAQ)
If you should be temporarily not able to satisfy your payment schedule but they are maybe not qualified to receive a deferment, it is possible to receive forbearance for a small and certain period. During forbearance, your instalments are reduced or postponed. Interest continues to accrue; you’re in charge of it.
Forbearance is certainly not automated either. Maybe you are granted forbearance in 3 to 12 thirty days periods for as much as 3 years. You have to use on paper for forbearance through Shippensburg University or ECSI. You’ll have actually to deliver paperwork to guide your obtain forbearance. You need to carry on making scheduled re payments unless you are notified that deferment or forbearance is 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 INSTALL FORMS tab and scrolling down seriously to the ECSI Forms.
If i’ve an alteration of status, who must I contact?
You ought to contact any office during the college whom handles the payment of your Perkins Loan or any changes to their billing/servicing company in title, address, 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. Ecsi.net/myacct or call ECSI cost free at 1-888-549-3274.
Can my Federal Perkins Loan be cancelled? Could be the loan reported to a Credit Bureau?
Yes, if the debtor dies or becomes totally and permanently disabled, the mortgage may be terminated. That loan can additionally be eligible for a cancellation under particular other conditions – provided that the debtor just isn’t in standard. To learn more, go right to the ECSI 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 following the initial disbursement of funds.
Extra questions regarding your Federal Perkins Loan?