The latest Perkins Loan office handles all facets of one’s loan shortly after you begin the brand new payment procedure

The latest Perkins Loan office handles all facets of one’s loan shortly after you begin the brand new payment procedure

You will want to get in touch with so it workplace after you scholar or slide lower than half-date during the a place of highest discovering. To learn more understand the Faqs below otherwise phone call 717-477-1393.

Perkins Loan Frequently asked questions

A national Perkins Financing are a reduced-focus (5 per cent) financing both for undergraduate and graduate people that have outstanding monetary you prefer. Their college will be your bank. The mortgage is made with government loans that have a share discussed by school. You should pay this mortgage towards university.

What web site would I prefer to do my personal SU Perkins Loan Learn Promissory Mention/Entrance Counseling or SU Perkins Financing Exit Interviews?

To-do the property owner Promissory Notice/Entrances Guidance click on the “eSign an excellent Promissory Mention” case and then the “Shippensburg School out of PA” loss and you can proceed with the tips for the SU Electronic Promissory Cards webpage.

To accomplish brand new Hop out Interview join from the entering the SU School code (09) your bank account number (SS #) along with your PIN. (Or even discover your own pin, click the “Need help logging in?” case.) Delight submit this new Exit Interviews totally and you will indication they electronically.


A good Perkins Financing borrower isn’t billed one costs. However, if you forget an installment, build a repayment later, or build less than an entire payment, you’ll have to pay a later part of the charges and one range costs. Late fees will continue up to your instalments try latest.

You have got nine weeks after you scholar, exit college, otherwise lose below 50 % of-date standing before you need start repayment. This might be named a sophistication several months. After your grace several months, you ought to initiate paying off the loan. You are allowed as much as ten years to settle their financing.

The institution can be bill you in person or fool around with a payment/upkeep company. For folks who obtained your loan off Shippensburg College or university, we fool around with a payment/upkeep business. The organization we explore are Educational Personal computers, Inc. (ECSI) based in Warrendale, PA. The new address is actually:

Excite use P.O. Container 1278, Wexford, PA 15090 for everyone papers for education loan repair, university fees commission agreements, refund disbursements, and other factors. Don’t post costs to this target.

Excite use P.O. Package 718, Wexford, PA 15090 for everyone repayments to have student loan servicing, tuition fee plans, and you can delinquent pupil accounts receivable.

You can even upload the fee directly to Shippensburg College. If you send brand new fee towards college or university, delight put your SUID matter together with word Perkins from the memo the main examine.

And this workplace protects the Perkins Financing Program as i features finished away from college or stopped likely to college for other cause?

For individuals who attended Shippensburg School, brand new Beginner Membership work environment in the Old Fundamental strengthening, Place #112 found at 1871 Dated Fundamental Drive is in charge of Perkins Funds. You can also contact ECSI, our very own Perkins Mortgage servicer, through your Perkins Financing account on otherwise phone call ECSI toll-free during the 1-888-549-3274.

Yes. Not as much as particular affairs, you could discovered good deferment otherwise forbearance on your own loan. Throughout an excellent deferment, you are permitted to temporarily postpone payments on you financing, and no appeal accrues. You may also located an excellent deferment significantly less than specific conditions, for example jobless.

Deferments are not automatic. You must apply for you to via your Shippensburg College or university of the finishing an effective deferment demand mode. You ought to file your deferment request on time or you can pay a belated costs.

For more info on deferments, contact the new Shippensburg University Perkins Loan-office or ECSI (look for ECSI contact information in the previous FAQ)

While you are briefly struggling to fulfill their payment plan however, are not entitled to an effective deferment, you can receive forbearance for a restricted and certain months. Throughout forbearance, your payments are put off or faster. Desire continues to accrue; you are accountable for they.

Forbearance is not automated both. You will be supplied forbearance in step 3 so you’re able to 12 month times for approximately three-years. You ought to incorporate on paper having forbearance compliment of Shippensburg College or ECSI. You will have to bring documentation to help with your request forbearance. You should continue and come up with planned payments if you don’t was informed one to deferment otherwise forbearance could have been supplied.

Every deferment and you may forbearance forms are available through our very own Perkins Financing servicer’s website within and hitting the newest Obtain Models loss and you may scrolling right down to the ECSI Forms.

You will want to get in touch with the office from the school who covers the fresh installment of the Perkins Loan otherwise the asking/maintenance team with people changes in label, address, phone number, Societal Defense number, or license matter. For those who received your loan away from Shippensburg School, go to the ECSI website within otherwise phone call ECSI toll free on step 1-888-549-3274.

Yes, in case your borrower becomes deceased or becomes completely and you will forever handicapped, the borrowed funds will be cancelled. Financing may also qualify for termination significantly less than specific other standards – for as long as the borrower is not from inside the standard. For more information, go to the ECSI webpages from the otherwise phone call ECSI toll-free at 1-888-549-3274.

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