Perkins Loan Office, Qualification Information

• A Federal Perkins Loan is a low interest loan (currently 5%) that is awarded to students with exceptional financial need. The University of Connecticut acts as the lender for this campus-based program. These funds are not a grant but rather are monies that must be repaid.
• Federal need-based program
• Fixed 5% interest rate
• UConn is the Lender
• Available to eligible full-time students
• Repayment begins nine months after a student's enrollment drops below half-time status or the student graduates
• FAFSA is required
• Complete the Perkins Loan Master Promissory Note requirement

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• Your account must be activated when your enrollment status drops below halftime or you exit the University, therefore you should contact the Federal Loan Office at (860) 486-4835 if you withdraw from school, transfer to another school, or are enrolled for less than half-time study.

  Accounts activated prior to June 1, 2004 are due quarterly (four times a year) with minimum payments of $120.00. Accounts activated after June 1, 2004 are due monthly with minimum payment of $40.00. All accounts receive a nine-month grace period from the initial activation date, with the first payment becoming due three months thereafter on older accounts, and one month thereafter on newer accounts.

  Checks should be made payable to The University of Connecticut. Please send your remittance to:

   

  ECSI
  181 Montour Run Road
  Coraopolis, PA 15108

  
  To view your account online, please click on the ECSI Website

  
  (Your full account number should be listed on the check.)