Our records show that you have received one or more loans. Your school requires that you complete an exit interview session, either in-person or electronically. If you proceed, you will complete your exit interview electronically. This can be a great convenience since you do not need to print, sign, or return any forms. While you must complete this exit interview, you need not complete it electronically. Your notification letter describes the other methods available to you.
You need the following to complete an on-line exit interview:
red dot, you will need to enable images.
You will be requested to answer a series of questions at the start of the interview to demonstrate your understanding of the materials. You can not complete the interview until you have correctly answered the questions. If you can not successfully complete the questions, you will need to contact your loan office.
The purpose of the exit interview is to inform you of your rights and responsibilities based on the financial aid you accepted from your institution. The information presented during the interview is a summary of the information contained on the promissory note(s) you signed for financial aid. The promissory note is the binding obligation between you and your institution. We suggest that you review your promissory note(s) carefully in order to become familiar with all of the features and duties. Also, your promissory note will describe any deferment and cancellation privileges (more later).
You may print these pages as you go along (see Printing Exit Pages for more information). You can also return to the My Account page at any time to review and/or print the exit interviews you have completed.
Important Note! Your institution reserves the right to reject any on-line exit interview due to missing or unacceptable responses. Please carefully provide correct and complete information.
Who are we?
Educational Computer Systems, Inc. (ECSI) is the loan servicer for your institution. We perform billing, payment and record keeping for your institution. The information you will be
presented during this interview comes from the information provided by your institution.
Things You Need to Know
Now that you're leaving school (or dropping below half-time attendance), it's important to brush up on the details of your Perkins student loan. Among the most important points:
Now, please read the rest of this counseling session. An exit interview is a federal requirement for anyone who is graduating, withdrawing from school, or dropping below half-time status. Reading this session fulfills the requirement.
What Is a Perkins Loan?
A Federal Perkins Loan is a low-interest (five percent) loan for both undergraduate and graduate students with exceptional financial need. The loan comes from government funds, with a share contributed by the school. As a result,
your school -- or its billing service -- is your contact for everything about your Perkins loan (your bank lender is your contact for Stafford loans and the federal government is your contact for Direct Loans).
What Happens After I Leave School?
Several steps take place after you leave school or drop below half-time attendance. First, you get a grace period -- a period of time (nine months) when you don't have to make payments.
(Of course, you can repay your loans any time you want, without penalty.) During the grace period, no interest is added to your loan.
What if you re-enroll in school? It depends on when you do it. If you re-enroll at least half-time during this grace period -- and you file for deferment (for more information about deferments, see below) -- you get another nine-month grace period the next time you drop below half-time. If you re-enroll after the grace period, however, your next grace period will only be six months.
During the grace period, the school or its billing service will send you a repayment schedule, which tells you the interest rate, payment amounts, and payment methods. The methods may include:
One month after the grace period, your first payment is due. The Federal Perkins Loan usually carries a minimum monthly payment of $40; your payment may be higher, depending on your loan balance. The maximum repayment period is 10 years. Your school may be on a quarterly payment cycle. In this case, your minimum quarterly payment (due every 3 months) is $120.
What Do I Owe?
Be sure you know how much you owe! If you are unsure of your total loan amount (shown below), contact your school or your billing service. Now is the time to resolve any discrepancies and to ask questions! Your school requires
that you sign your repayment schedule. By completing this on-line exit interview, you will satisfy that requirement.
Your school is responsible for providing a copy of your promissory note. The school has the option to provide an image of the promissory note as part of this on-line exit interview, or providing it separately.
We currently show you are responsible for the following loans:
| Student Information | |
| Social Security Number: | 111 - 11 - 1111 |
| First Name: | SAMPLE |
| Middle: | C |
| Last: | STUDENT |
| Maiden: | |
| Date of Birth: | 01/01/1962 |
| Address: | 123 MAIN ST |
| Apartment: | |
| City/State/Zip: | HOMETOWN PA 12345 |
| Home Phone: | 412 788 3900 |
| Work Phone: | |
| Fax Phone: | |
| Cell Phone: | |
| Permanent Email: | duranti@mail.wvsc.edu |
| Next Of Kin | |
| First Name: | l;akj |
| Middle: | |
| Last: | ;lkjasfd |
| Address: | ;lkajsdf |
| City/State/Zip: | ;alksjfd |
| Home Phone: | ;lkajsfd |
| Work Phone: | ;lkajsdf |
| Permanent Email: | |
| Relationship: | ;laksjdf |
| First Reference | |
| First Name: | ;laksjdf |
| Middle: | |
| Last: | ;lkasfd |
| Address: | ;lkasfd |
| City/State/Zip: | ;lkasjfd |
| Home Phone: | ;laksjdf |
| Work Phone: | |
| Permanent Email: | |
| Relationship: | ;laksfd |
| Second Reference | |
| First Name: | ;lkasjdf |
| Middle: | |
| Last: | ;lakjsdf |
| Address: | ;lkajsdf |
| City/State/Zip: | ;lkajsdf |
| Home Phone: | ;lkajdsf |
| Work Phone: | |
| Permanent Email: | |
| Relationship: | ;lkajsdf |
| Expected Employer or Alternate Reference | |
| First Name: | |
| Middle: | |
| Last: | |
| Address: | |
| City/State/Zip: | |
| Home Phone: | |
| Work Phone: | |
| Permanent Email: | |
| Relationship: | |
| FEDERAL PERKINS LOAN PROGRAM STATEMENT OF RIGHTS AND RESPONSIBILITIES
In order to complete your exit interview, you must read and acknowledge the information below. |
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If during your repayment you develop student loan problems that can't be resolved through the lender or guarantee agency, you may want to contact either of the following at the US Department of Education: Federal Student Aid (FSA) Ombudsman helps resolve disputes and solves other problems with federal student loans. FSA Ombudsman 830 First Street, NE Fourth Floor Washington, DC 20202-5144 Phone: 1-877-557-2575 Their website is http://www.ombudsman.ed.gov/ National Student Loan Data System (NSLDS) is the central database for student aid and provides information about all of your Title IV loans. Website: http://www.nslds.ed.gov/ |
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You have received monies from federal and/or institutional funds to assist in the cost of your education. This loan was issued by your institution using monies provided by the Federal Government or the institution. The money (including interest) that you repay goes immediately back into the fund which helps other needy students meet their educational needs. Most of the money you were given came from other students who have repaid their loans. It is important that you repay your debt, not only to protect your good credit, but also the benefit of others who need assistance.
|
Name:
Address: Address: City/State/Zip: Phone: Reference No.: |
SAMPLE, STUDENT C
131 MAIN STREET MYTOWN PA 123451040 412 788 3900 111-11-1111 |
Make checks payable and mail to:
ECSI COLLEGE C/O E.C.S.I. 181 MONTOUR RUN ROAD CORAOPOLIS PA 15108-9408 Phone: 412-788-3904 DO NOT SEND CASH |
Check your account on the web: www.ecsi.net Pin #:21563
| Date Loan Accepted |
Amount | Date Loan Accepted |
Amount | Date Loan Accepted |
Amount | Date Loan Accepted |
Amount | |||
| 05/11/93 | 1,000.00 | 02/22/93 | 250.00 | 02/22/93 | 250.00- | 11/12/92 | 500.00 | |||
| Grace Period in Months: | 9 | Maximum Term of Loan in Months: | 120 |
| Separation Date: | 09/12/2001 | Charge Penalty or Late Fee: | YES |
| Grace Period Begins: | 09/12/2001 | Annual Percentage Fee: | .0500 |
| Grace Period Ends: | 06/01/2002 | Frequency: | --MONTHLY-- |
| First Payment Due: | 07/01/2002 | Plan: | 1 = FIXED PAYMENT INCLUDING INT |
| Total Financed: | 1,500.00 | Less Principal Paid: | 0.00 | Equals Balance | 1,500.00 |
| No. | Balance Due |
Payment Total |
Principal Due |
Finance Charge |
No. | Balance Due |
Payment Total |
Principal Due |
Finance Charge |
|
| 1 | 1,500.00 | 15.91 | 9.66 | 6.25 | 2 | 1,490.34 | 15.91 | 9.70 | 6.21 | |
| 3 | 1,480.64 | 15.91 | 9.74 | 6.17 | 4 | 1,470.90 | 15.91 | 9.78 | 6.13 | |
| 5 | 1,461.12 | 15.91 | 9.82 | 6.09 | 6 | 1,451.30 | 15.91 | 9.86 | 6.05 | |
| 7 | 1,441.44 | 15.91 | 9.90 | 6.01 | 8 | 1,431.54 | 15.91 | 9.95 | 5.96 | |
| 9 | 1,421.59 | 15.91 | 9.99 | 5.92 | 10 | 1,411.60 | 15.91 | 10.03 | 5.88 | |
| 20 | 1,309.42 | 15.91 | 10.45 | 5.46 | 30 | 1,202.90 | 15.91 | 10.90 | 5.01 | |
| 40 | 1,091.86 | 15.91 | 11.36 | 4.55 | 50 | 976.10 | 15.91 | 11.84 | 4.07 | |
| 60 | 855.45 | 15.91 | 12.35 | 3.56 | 70 | 729.65 | 15.91 | 12.87 | 3.04 | |
| 80 | 598.51 | 15.91 | 13.42 | 2.49 | 90 | 461.80 | 15.91 | 13.99 | 1.92 | |
| 100 | 319.29 | 15.91 | 14.58 | 1.33 | 110 | 170.73 | 15.91 | 15.20 | .71 | |
| 120 | 15.86 | 15.93 | 15.86 | .07 |
Deferments Privileges
You may defer (delay) payments on your loan by submitting properly completed and certified forms requesting deferment. Submission of these forms is required once each term. Deferments are granted based on your promissory note provisions.
You can review a list of possible deferments, including the conditions under which each deferment can be granted.
Partial/Full Cancellation Privileges
Borrowers who perform "Certain Services" may qualify for cancellation benefits. A portion or all of the loan and accrued interest will not have to be repaid.
You can review a list of possible cancellations, including the conditions under which each cancellation can be granted.
Promissory Note
All of the rights and responsibilities available to you under the Perkins Loan Program are documented in the
Promissory Note (sample in PDF will open in a new window).
You may contact your school and request a copy of your signed promissory note.
NOTE: The finance charge is computed at the rate-per-annum on the unpaid principal balance as stated above. This schedule will be valid only if every payment is made in full and on time. Due diligence regulations required defaulted accounts be referred to the credit bureau.
If you disagree with any information shown, you must contact your school prior to completing the exit interview process.
Billing Options: Even though you have not yet entered repayment, you may 'plan ahead' and select from the following billing options. (NOTE: These billing options only apply to loans serviced by ECSI.)
| [X] | When entering repayment, I would like to receive electronic billing statements at the email address I have provided (duranti@mail.wvsc.edu). |
| [X] | Before entering repayment, I would like to receive an electronic reminder that my grace period will soon be ending at the email address I have provided (duranti@mail.wvsc.edu). |
In order for your interview to be accepted, you must sign your interview electronically.
| [X] | By checking this box and pressing the "Continue" button below, I affix my electronic signature to this exit interview.
Signed: 11/19/2002 13141500 |