Perkins Loans
The Perkins Loan is a federally-subsidized (no interest while in school), fixed low interest (5%) loan that is offered to full-time undergraduate day students. Repayment begins nine months after the student ceases to be enrolled at least half-time. Full disclosure of the terms of the loan is provided on the promissory note, which the student is required to sign only once.
New SNHU Borrowers: Your Federal Perkins Master Promissory Note will be available to sign online via the Perkins Loan E-Sign after August 1, 2007. You will receive notification and instructions via your SNHU e-mail address.
Borrowers in Repayment: As of July 1, 2007 Educational Computer Services Inc (ECSI) will replace ACS as SNHU's Perkins Loan Servicer.
During the conversion process, any payments mailed to ACS will be forwarded to ECSI and credited to your account. Delayed payments due to this conversion will not be reported to credit bureaus. ACH payment to ACS will no longer be valid. You will need to provide ECSI with a new authorization to automatically debit payments from your banking account. This can be done through the ECSI website and you may process that authorization once you have received a billing statement from ECSI. The first payment should be mailed to:
ECSI - Education Computer Services Inc.
181 Montour Run Road
Coraopolis, PA 15108
For further information please feel free to contact ECSI Customer Service
1.888.549.3274
1.866.291.5384-fax
c.service@ECSI.net - e-mail