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The University of Nebraska Kearney Perkins Loan office is here to assist you in the repayment of your UNK Perkins loan. Feel free to contact us any time you have questions regarding your UNK Perkins loan.University of Nebraska Kearney
The following is a list of Frequently Asked Questions.
A Federal Perkins loan in considered a Campus Based Student loan, meaning UNK is your lender. The terms of the loan are determined by federal regulations. Perkins loans have a 5% interest rate and a 9 month grace period. More details about Perkins loans are available through Federal Student Aid, an Office of the US Department of Education.
All borrowers per federal regulations are required to complete an exit interview upon graduation or dropping below half-time status. Contact the Perkins Loan Office to complete your exit interview. The exit interview provides you with the information you need to repay your loan and also a copy of your repayment schedule.
Affiliated Computer Services, A Xerox Corporation provides the billing service for your UNK Perkins loans. You can go to the ACS Borrower Services Web site to manage your student loan account. You can also contact ACS toll free at (800) 826-4470. You are always welcome to call the UNK Perkins loan office for any questions you may have.
During a deferment period, the borrower is not required to pay loan principal and interest does not accrue. You can get application form and details of what deferments are available at ACS Deferments.
If you can't make your scheduled loan payments, but don't qualify for a deferment, you can also apply for a forbearance. This can reduce your financial obligation during a forbearance period, but you will still need to pay for the interest that accrues during a forbearance period. ACS Forbearance can give you more information and an application form.
A Perkins loan borrower may have all or part of his or her loan canceled. To see if you meet the criteria go to ACS Cancellation to get more information and a cancellation form.
Remember to keep us informed if your name, address, phone and email address changes.The consequences of default are:
To successfully rehabilitate a defaulted loan, the borrower must make nine, on time, consecutive monthly payments in an amount determined by the University of Nebraska Kearney.Benefits of a completed Loan Rehabilitation
A borrower may rehabilitate a loan only once, but there is no limit to the number of times a borrower may attempt to make nine consecutive, on time monthly payments.
In order to pursue rehabilitation you must make the request to the University of Nebraska Kearney Perkins Loan Office.
If you are a borrower with several outstanding loans, you may benefit by consolidating your federal student loans to one loan with one monthly payment. There are advantages and disadvantages that you should consider. A good source of information is the US Department of Education's Federal Direct Consolidation Loans Information Center.
For any questions or comments regarding your UNK Perkins loan, please contact:
University of Nebraska Kearney
Finance Office -Founders Hall
2504 9th Ave
Kearney NE 68849
(308) 865-8326 fax