Federal Perkins Loan
Federal Perkins Loans are available only to students who have completed a financial assistance application and have been determined eligible by the Office of Student Financial Services. If you have not received a Financial Assistance Statement listing your eligibility for a Perkins Loan from our office, please contact the Student Service Center to determine if you qualify for this loan program.
A federal loan program awarded to full-time students demonstrating financial need. Awards range from $500 to $4,000 per academic year. Repayment of this loan begins nine (9) months after the student ceases to be enrolled at least half-time. The current interest rate is fixed at 5%.
Before a Perkins loan can be disbursed to a student account the student must complete a Master Promissory Note, Statement of Rights and Responsibilities, and Entrance Interview. These are completed online through our billing servicers Educational Computer Systems, Inc. (ECSI). The student must completely review the information, successfully pass a quiz regarding the Federal Perkins Loan, and electronically sign the documents before the loan can be disbursed. This is a completely electronic process; documents are only available to be completed by the student, as the Federal Perkins Loan is a student loan taken out in the student's name. If a parent or guardian wished to have access to student records regarding the loan, the student must submit written permission to the Perkins Loan Coordinator at:
Emerson College
ATTN: Perkins Loan Coordinator
120 Boylston St.
Boston, MA 02116
If you are a student and you have been notified that you need to complete the Federal Perkins Loan Master Promissory Note, Statement of Rights and Responsibilities, and Entrance Interview please follow the link below to our billing servicers, ECSI. The Master Promissory Note only needs to be done one time while you are enrolled at Emerson College. Please do not follow the link unless the Perkins Loan Coordinator has notified you to do so.
www.ecsi.net/promT8
If you have concerns or questions regarding the Federal Perkins Loan please contact the Perkins Loan Coordinator at (617) 824-8653.
Emerson College utilizes Educational Computer Systems, Inc. (ECSI) as billing servicers for the Federal Perkins Loan. ECSI will collect future payments, process deferments, forbearance, and cancellations, and answer all questions regarding the billing of the Perkins Loan. For more information on ECSI please visit their web site at www.ecsi.net. They can also be reached at 1-888-549-3274.
