SFS – Perkins Loan

Repayment - Cancellation - Deferment - Forbearance

Repayment

The Federal Perkins Loan is a 5% fixed interest loan. Interest charges and repayment of principal begin nine months after the student leaves school or drops below half-time enrollment.
ECSI

Evangel University utilizes the services of ECSI, Inc. to bill and service our Federal Perkins Loans.
The toll-free telephone number for ECSI is 1-888-549-3274 and the website is www.ecsi.net.
Through ECSI you will be able to:
- Verify when your payments have been received
- Update address and phone information
- Sign-up for electronic billing
- Make your payments
- Download various forms such as deferments, forbearance requests, etc.
To access ECSI’s system you will need three codes:
- Two digit school code –Evangel’s code is W7
- Social Security Number
- Five digit pin number which can be obtained by calling ECSI.
Another exciting feature is that ECSI provides payment options such as:
- Electronic Funds Transfer (EFT/ACH)
- Payment date choice (only if using EFT)
- Credit Card

Other Information

Failure to receive a bill does not negate your responsibility to pay.
If you are ever in the position of needing to make a loan payment but you either were not sent a bill or have misplaced your bill, follow these simple instructions:
- Always make your check payable to Evangel University
- Mail to: ECSI 181 Montour Run Road Coraopolis, PA 15108.
- Be sure to write your account number (Social Security number) on the check so that the payment will be accurately posted to your account(s).
Failure to either make payment or file a deferment form will result in the delinquency being reported to the credit bureau.

Cancellation

Cancellation of Perkins Loan amounts are available for the following careers*:
Teacher in a designated school listed in the ‘Federal Register’
Special Education Teacher or qualified provider of Early Intervention Services / Teacher of Handicapped
Teacher of Mathematics, Science, Foreign Languages, Bilingual Education (loans after 7-23-92)
Staff member performing qualified service under the Headstart Act
Nurse – must provide copies of License/Certification
Medical Technician – must provide copies of License/Certification
Law Enforcement/Corrections Officer for an eligible Local, State, or Federal Agency (after 11-29-90)
Service agent providing or supervising the provision of services to High Risk Children for Low-Income
Communities and Families of such children (after 7-23-92)
Military Service
Peace Corps volunteer or Americorps*VISTA volunteer
Full-time staff members in a pre-kindergarten or child care program
Full-time public defenders
Full-time faculty members at a tribally controlled university
Librarians with a master’s degree in library science in Title I school
Full-time speech language pathologists with a master’s degree in Title 1 exclusively
Full-time firefighters

*Amounts are generally cancelled over a 5 year period of service.

Deferment

During deferment, the borrower is not required to pay loan principal and interest does not accrue. The availability of deferments as well as the criteria to qualify is listed on the deferment form.

Forbearance

During forbearance, the borrower is not required to pay loan principal, but interest is accrued. It can be paid monthly (preferred method) or as one lump sum at the end of the forbearance along with the full monthly payment that would normally be due at the start of repayment.

All forms are available at http://www.ecsi.net/bwr/forms/index.html and will be included in the “ECSI forms” portion of the page.

For questions or concerns regarding your Federal Perkins Loan, please contact ECSI or Aaron Joifrita at 1-417-865-2815, ext. 7422 (Fax: 417-575-5478) or email