This is a general information page concerning repayment of loans, benefits and responsibilities for borrowers of Perkins and Nursing loans. For information regarding the Federal Direct Student Loans, contact the Financial Aid Office at (574) 535-7525.
ON THIS PAGE:
- Exit Interview
- Grace Periods
- Your Responsibilities
- GC Responsibilities
- Address information
Any student who graduates, withdraws, or drops below six hours of enrollment, and has a Perkins or Nursing 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 for Perkins and Nursing Loans are completed online at https://www.myloancounseling.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. Click here for important loan information for departing students.
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.
PERKINS AND NURSING LOANS:
These loans have a nine-month grace period.
Granted according to the promissory note, including student deferment, economic hardship, forbearance and unemployment.
Student deferment only when continuing with studies in a related field.
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, Head Start, early intervention, working with at-risk children or youth. You must be employed full time. The loan is canceled by a percentage for each year you qualify. The Perkins loan can be canceled in full over a five-year period.
Nursing/Med techs: Perkins loan can be cancelled according to your promissory note.
- 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.
- 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.
- Assign your loan to the Department of Education or Health and Human Services.
Make check payable to GOSHEN COLLEGE
Send to: University Accounting Service LLC
PO Box 5865
Carol Stream, IL 60197-5865
Goshen College contact:
Assistant Controller / Student Accounts Manager
1700 S Main St
Goshen IN 46526
Telephone: (574) 535-7511
Correspondence and Forms:
University Accounting Service
PO Box 918
Brookfield WI 53008-0918
Telephone: (800) 999-6227, or (866) 765-0743 para asistencia en español
http://www.uaservice.com for general information, download/print forms, deferments, etc.
https://www.myloancounseling.com/for exit interviews.