Perkins Loans

The Federal Perkins Loan Program provided money for college students with exceptional financial need.  Under federal law, the authority for schools to make new Perkins Loans ended on Sept. 30, 2017, and final disbursements were permitted through June 30, 2018. As a result, students can no longer receive Perkins Loans.

For students with existing Perkins loans, repayment began nine months after graduation, upon withdrawal from the university, or when a student was no longer enrolled at least half-time. Interest accrues at an annual rate of 5% during repayment. The minimum monthly payment for a Perkins Loan is $40.00. Late fees are assessed on past due payments. Your loan balance and repayment history are reported monthly to National Credit Bureaus in accordance with federal regulations.

FVSU has contracted with Heartland ECSI to manage billing and customer services for Perkins loans.  To make a payment on a Perkins Loan, or for deferment and cancellation options, visit Heartland ECSI.  You can also send questions about Perkins loans to with the subject line Perkins Loan, or contact John Cagnina at 478-825-6522.