The Perkins Loan workplace handles all aspects of the loan once the repayment is begun by you procedure. You should contact this working office as soon as you graduate or fall below half-time at an institution of greater learning. To find out more begin 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 a low-interest (5 per cent) loan both for undergraduate and graduate students with excellent need that is financial. Your school is the loan provider. The mortgage is produced with federal government funds having a share added by the institution. You have to repay this loan to your college.

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

The web site to accomplish 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 guidelines in the SU Electronic Promissory Notes web page.

To perform the Exit Interview log in by going into the SU School code (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 the exit Interview out totally and signal it electronically.

Will there be a cost because of 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.

When do I 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 grace period. During the final end of one’s elegance duration, you have to begin repaying your loan. You may be allowed as much as a decade to settle your loan.

That will be billing me personally for my Perkins Loan?

The college can directly bill you or make use of a billing/servicing business. We use a billing/servicing company if you received your loan from Shippensburg University. The organization we utilize is Educational Computer Systems, Inc. (ECSI) based in Warrendale, PA. The target is:

Shippensburg University (AC09)
C/O Educational Pcs, Inc.
100 Worldwide View Drive
Warrendale, PA 15086

Please use P.O. Box 1278, Wexford, PA 15090 for many paperwork for education loan servicing, tuition re re payment plans, reimbursement disbursements, along with other items. Usually do not deliver re payments for this address.

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 can even deliver your re payment straight to Shippensburg University. If you opt to mail the payment into the college, please spot 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 actually graduated from school or stopped going to college for some other reason?

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 payday loans list reviews Loan servicer, via your Perkins Loan account at http: //www. Ecsi.net/myacctor call ECSI cost free at 1-888-549-3274.

May I postpone payment of my Federal Perkins Loan?

Yes. Under certain circumstances, you can easily be given a deferment or forbearance on the loan. Throughout a deferment, you may be allowed to temporarily postpone payments on you loan, with no interest accrues. You may get a deferment under particular conditions, such as for example jobless.

Deferments are not automated. You need to make an application for one throughout your Shippensburg University by finishing a deferment demand type. You need to register your deferment demand on time or you’ll pay a belated cost.

To get more details on deferments, contact the Shippensburg University Perkins Loan office or ECSI (see ECSI email address in the last FAQ)

If you should be temporarily not able to satisfy your repayment routine but they are perhaps not qualified to receive a deferment, you’ll receive forbearance for a restricted and particular duration. During forbearance, your instalments are reduced or postponed. Interest continues to accrue; you might be in charge of it.

Forbearance is certainly not automatic either. Maybe you are issued forbearance in 3 to 12 intervals for up to three years month. You have to apply written down for forbearance through Shippensburg University or ECSI. You’ll have to give you paperwork to guide your obtain forbearance. You have to carry on making planned re payments before you are notified that forbearance or deferment happens to be awarded.

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 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 whom handles the repayment of your Perkins Loan or any changes to their billing/servicing company in title, target, phone number, Social Security quantity, or driver’s license quantity. If 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 cancelled? Is the loan reported to a Credit Bureau?

Yes, if the borrower dies or becomes completely and permanently disabled, the mortgage is cancelled. That loan can qualify for cancellation also under certain other conditions – provided that the debtor just isn’t in default. To learn more, go right to the ECSI web site at http: //www. Ecsi.net/myacctor call ECSI toll free at 1-888-549-3274.

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

Extra questions regarding your Federal Perkins Loan?