Exit Interviews
Any student who graduates, withdraws, or drops below six hours of
enrollment, and has a Perkins, Nursing or Goshen College loan, is
required to complete an exit interview. The purpose is to provide
you with information concerning your rights and responsibilities,
and includes details about repayment, late fees, collection fees
and default. Exit interviews are completed online at
https://www.uasexit.com.
You cannot complete the exit until the school has been notified
of your student status. Exit interviews must be completed before
transcripts can be released.
Payments
University Accounting Service (UAS) is the billing service for these
loans. You will get a statement approximately the first week of
the month before your payment is due on the first of the next month.
Perkins and Nursing Loans:
These loans are billed quarterly. Payments are due by the 1st
of the month.
Goshen College Loans:
These loans are billed monthly. Payments are due by the 1st of
each month.
You may pay your loans early without penalty. Any payment made
during the grace period will apply to the principal. After the
grace period the payments are applied in this way (should any
or all apply): collection costs, late fees, interest and lastly,
principal.
Paying ahead reduces the principal and shortens the repayment period
at the end. An early payment will not apply to the next payment
due unless that is clearly indicated with the payment.
Grace Periods
Perkins and Nursing Loans:
These loans have a nine-month grace period.
Goshen College Loans:
These loans have no grace period. Interest and repayment begin
the month after leaving Goshen College.
Deferments
Perkins:
Granted according to the promissory note, including student deferment,
economic hardship, forbearance, and unemployment.
Nursing:
Student deferment only when continuing with studies in a related
field.
Goshen College:
There are no deferment benefits for this loan.
Cancellations for Perkins Only:
Your promissory note contains information regarding cancellation.
Some of the more common cancellations are teaching in low income
schools, teaching handicapped children, Headstart, early intervention,
working with at-risk children or youth. You must be employed full
time. The loan is cancelled by a percentage for each year you qualify.
The Perkins loan can be cancelled in full over a five year period.
Nursing/Med techs: Perkins loan can be cancelled according to your
promissory note.
Your Responsibilities
Make payments on time
Notify UAS and GC of name and address changes promptly
File deferment, cancellation, or other forms before payment due
dates
Notify UAS and GC before payment is due if you will be late making
a payment
GC Responsibilities
Report loan status to the credit bureau monthly
Assess late fees
Accelerate the loan (require you to pay entire loan immediately)
Place loan with a collection agency and charge collection costs
to you
Litigate
Assign your loan to the Department of Education or Health and
Human Services
Address Information
Payments:
Make check payable to GOSHEN COLLEGE
Send to: University Accounting Service
Attn: Payment Processing Dept
PO Box 932
Brookfield WI 53008-0932 |
Correspondence and Forms:
University Accounting Service
PO Box 932
Brookfield WI 53008-0932
Telephone: (800)
999-6227 |
Goshen College contact:
Jane Hunsberger
Collections Manager Goshen College
1700 S Main St
Goshen IN 46526
Telephone: (574) 535-7511
Email: janemh@goshen.edu |
Website information:
http://www.uaservice.com for general
information, download/print forms, deferments, etc.
https://www.uasexit.com for
exit interviews. Internet Explorer is the preferred browser. |
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