Federal Perkins Loan
Beginning November 1, 2012, Santa Clara University has contracted with ECSI (Educational Computer Systems, Inc) to provide billing service to all of our Federal Perkins Loan borrowers.
The Federal Perkins Loan is designed to assist students with low family incomes and exceptional financial need. It offers a lower interest rate and more generous repayment terms than the other federally-sponsored student loan programs.
Federal Perkins Loan
- Who is eligible: Students who demonstrate exceptional financial need
- Interest rate: 5% fixed (subsidized)
- When to repay: Repayment begins nine months after graduation or withdrawal
- Maximum annual loan amount: $5,500 (Undergraduate Students); $8,000 (Graduate Students)
- Aggregate loan limit: $27,500 (Undergraduate Students); $60,000 (Graduate Students)
Applying for the Federal Perkins Loan
When you apply for financial aid, you will automatically be considered for a Federal Perkins Loan. Funds are very limited and only students demonstrating exceptional financial need are offered a Federal Perkins Loan as part of their financial aid package.
If you have not previously borrowed through the Federal Perkins Loan program, you must complete an entrance counseling tutorial and submit a completed Perkins Loan Master Promissory Note (MPN) before funds can be disbursed to your student account. In order to complete the entrance counseling tutorial requirement and Master Promissory Note online.
ECSI Mailing Address
Santa Clara University c/o ECSI
181 Montour Run Road
Coraopolis, PA 15108-9408
USA
Telephone (888) 549-3274
FAX (888) 291-5384
Website www.ecsi.net
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