The brand new Perkins Loan-office handles every aspect of the loan once you start brand new payment processes

You should get in touch with it office after you graduate or slip less than half-go out on a place from highest training. For more information see the Frequently asked questions less than or call 717-477-1393.

Perkins Mortgage Frequently asked questions

A federal Perkins Mortgage are a reduced-attract (5 per cent) financing for both student and graduate pupils that have outstanding monetary you would like. Their university is your financial. The borrowed funds is made with authorities financing with a share provided by the university. You need to pay-off this mortgage to your college.

Just what web site create I personally use doing my personal SU Perkins Mortgage Learn Promissory Mention/Entrance Counseling otherwise SU Perkins Mortgage Log off Interview?

To accomplish the master Promissory Mention/Access Guidance click the “eSign an excellent Promissory Notice” tab and therefore the “Shippensburg University off PA” tab and you will proceed with the recommendations on SU Electronic Promissory Cards webpage.

To-do the fresh new Hop out Interview log on by the entering the SU College or university password (09) your account count (SS #) as well as your PIN. (Otherwise know your pin, click on the “Need help log in?” loss.) Excite fill in brand new Get off Interviews totally and you can sign it digitally.

An effective Perkins Mortgage debtor isn’t billed people charge. But not, for those who forget about a fees, generate a payment late, or create less than a full commission, you’ll have to spend a late charge and one collection will set you back. Late fees will continue up until your repayments was most recent.

You may have nine weeks after you scholar, exit college, or lose less than 1 / 2 of-day reputation before you could have to initiate payment. This might be titled a grace several months. At the conclusion of the sophistication months, you should begin repaying your loan. You are welcome doing a decade to settle your own loan.

The institution can be bill your in person or play with a billing/repair providers. For people who received your loan regarding Shippensburg College, i explore a payment/maintenance providers. The company i use try Educational Computer systems, Inc. (ECSI) located in Warrendale, PA. Brand new target is:

Please use P.O. Container 1278, Wexford, PA 15090 for all records to own education loan repair, university fees fee preparations, refund disbursements, or any other points. Do not post money to that address.

Excite play with P.O. Field 718, Wexford, PA 15090 for everybody repayments to have education loan upkeep, university fees percentage preparations, and you may unpaid college student accounts receivable.


You can publish your own fee to Shippensburg College or university. If you opt to send new commission towards the university, please place your SUID count and also the word Perkins throughout the memo an element of the glance at.

And this office protects this new Perkins Financing Program as i keeps graduated regarding college or university or prevented planning college for any other reasoning?

For people who went to Shippensburg College or university, the Student Membership office in the Old Chief strengthening, Area #112 located at 1871 Dated Main Drive accounts for Perkins Finance. Or you can get in touch with ECSI, our very own Perkins Mortgage servicer, during your Perkins Financing membership at otherwise label ECSI toll free at 1-888-549-3274.

Sure. Around specific points, you can discover a good deferment or forbearance on your own mortgage. Through the a good deferment, you are permitted to temporarily delay money on you mortgage, without attract accrues. You may want to located a good deferment lower than certain requirements, including unemployment.

Deferments commonly automated. You need to apply for you to definitely throughout your Shippensburg School because of the completing a good deferment consult function. You need to file your own deferment demand punctually otherwise you’ll be able to shell out a later part of the charges.

For much more information on deferments, get in touch with the new Shippensburg University Perkins Loan-office or ECSI (discover ECSI email address in the last FAQ)

If you find yourself briefly incapable of fulfill their repayment schedule but commonly entitled to a great deferment, you could discovered forbearance to own a limited and you will particular period. While in the forbearance, your payments is defer otherwise shorter. Interest continues to accrue; you’re guilty of it.

Forbearance is not automatic often. You will be granted forbearance in 3 to help you twelve month durations for approximately 36 months. You ought to use on paper to own forbearance as a consequence of Shippensburg College otherwise ECSI. You will need to offer records to support your obtain forbearance. You should keep and also make booked money if you don’t is informed you to deferment or forbearance could have been provided.

Most of the deferment and forbearance variations are available thru our Perkins Financing servicer’s website from the and you will hitting this new Obtain Versions tab and you will scrolling right down to the fresh ECSI Forms.

You will want to contact the office in the college or university which covers the brand new cost of your Perkins Loan otherwise the asking/repair team that have any alterations in label, address, contact number, Public Shelter count, otherwise driver’s license amount. If you obtained the loan out of Shippensburg University, check out the ECSI webpages within otherwise label ECSI toll free in the 1-888-549-3274.

Yes, in the event your debtor passes away or will get totally and you will forever handicapped, the mortgage is terminated. Financing may be eligible for termination lower than particular other criteria – as long as the brand new borrower isn’t within the standard. For more information, go to the ECSI site during the otherwise name ECSI toll free in the step 1-888-549-3274.