Perkins Loan
Perkins Loans are serviced through ECSI Heartland. These loans have a 5% interest rate; neither principal nor interest accrues while a borrower is enrolled at least half-time, and borrowers receive an initial nine-month grace period before entering repayment. Both principal and interest will not accrue during a grace period.
The Perkins Loan program is governed by Federal Regulations and Guidelines and allows for loan cancellation for work performed in specific career fields. Over a five-year period, if approval criteria are met, a borrower who is employed in fields such as, but not limited to, law enforcement, nursing, or teaching in a low-income school can have up to 100% of his/her loan canceled.
*Under federal law, the authority for schools to make new Perkins Loans ended on Sept. 30, 2017, and final disbursements were permitted through June 30, 2018. As a result, students can no longer receive Perkins Loans.
ECSI can be contacted at 1-800-437-6931 or online at www.heartlandecsi.com.
Perkins Loans Forms
- In-School Deferment Request
- Unemployment Deferment Request
- Economic Hardship Deferment Request
- General Forbearance Request
- Mandatory Forbearance Request
- Deferment Request Due to Cancer Treatment
- Deferment Request Due to Employment
- Graduate Fellowship Deferment Request
- Rehabilitation Training Deferment Request
- Military Service and Post-Active Duty Student Deferment Request
***To apply for a Total and Permanent Disability Discharge, please refer to the Federal Student Aid website.
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