Perkins Loan Repayment Services

Beginning March 1, 2018, Heartland ECSI will replace ASC/Conduent as your Perkins Loan Servicer. You will receive communication from both Heartland ECSI and ASC/Conduent regarding the transition.

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
Perkins Loans
Finance Office -Warner Hall
2504 9th Ave
Kearney NE 68849
p: (308) 865-8524 | f: (308) 865-8326

The following is a list of Frequently Asked Questions.

What is a Federal Perkins Loan?

A Federal Perkins loan in considered a Campus Based Student Loan (CBSL), 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.

What is an exit interview?

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.

Where can I get my account and billing information?

Heartland ECSI provides the billing service for your UNK Perkins loans. You can go to the Heartland ECSI website to manage your student loan account. You can also contact Heartland ECSI customer support at (888) 549-3274. You are always welcome to call the UNK Perkins loan office for any questions you may have.

What is a deferment? What deferments are available?

During a deferment period, the borrower is not required to pay loan principal and interest does not accrue. You can get an application form and details of what deferments are available at Heartland ECSI > Download Forms.

What is forbearance?

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. Forms and additional information are available at Heartland ECSI > Download Forms.

I have heard about Perkins Loan Cancellations, what does that mean?

A Perkins loan borrower may have all or part of his or her loan canceled. To see if you meet the criteria visit Heartland ECSI > Download Forms to get more information and a cancellation form.

Federal Directory of Low-Income Schools

What does default mean?

A loan is in default if the borrower
  1. fails to make payment when due,
  2. fails to submit on or before the due date of a scheduled payment, proper documentation request forbearance, deferment or cancellation; or
  3. fails to comply with the terms of the promissory note (i.e. not providing the school with name or address changes).

Remember to keep us informed if your name, address, phone and email address changes.

The consequences of default are:
  • Past due information reported to national credit bureaus.
  • Late charges
  • Official academic transcripts withheld and restriction on further registration at University of Nebraska Kearney
  • Ineligible to receive additional federal or state financial aid
  • The entire principal balance of the loan may become immediately due
  • Placement of the loan with a collection agency where the additional costs will be added on to the loan balance
  • Litigation

What can I do if my loan is past due and I am financially unable to bring it current?

  1. Contact UNK Perkins Loan Office to see if you are eligible for deferment, forbearance, payment arrangement or loan consolidation information.
  2. Or contact UNK Perkins Loan Office to begin the Perkins Loan Rehabilitation Program.

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
  • The default will be removed from your credit history
  • You will qualify for the benefits and privileges of your original promissory note
  • Restoration of Title IV eligibility

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.

Can I consolidate my student loans?

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
Perkins Loans
Finance Office -Warner Hall
2504 9th Ave
Kearney NE 68849
(308) 865-8524
(308) 865-8326 fax