FAFSA School Code: 001146

Federal Perkins Loans

Alert: Perkins Loan program effectively ends on September 30, 2015.
Universities are not allowed to make Federal Perkins Loans to new borrowers after this date. New 2015-16 Perkins Loan borrowers who received their fall disbursement by September 30, 2015, may receive their spring disbursement. However, these Perkins Loan borrowers will not be eligible for the Perkins Loan in future years. Borrowers still owing a Perkins loan must continue to make repayment as required.

Some continuing students who received Perkins Loans in 2014-15 or earlier may receive future awards through Sept. 30, 2020 under a grandfathering provision that allows them “… to continue or complete courses of study.” According to the U.S. Dept. of Education, a future Perkins Loan may be allowed if:

  • CSU, Chico made at least one Perkins Loan to the student on or before June 30, 2015.
  • The student remains enrolled here and received their most recent Perkins Loan from Chico.
  • The student is enrolled at least half-time in the same academic major (or was undeclared) and degree program for which he/she received the most recent Perkins Loan.

The full amount of Federal Direct Subsidized Loan for which a student is eligible must be awarded first; then a Perkins could be awarded. More details about these program changes will be posted as they are made available by the U.S. Dept. of Education.

How to Apply

Eligibility is determined by the EFC, (as calculated by the FAFSA), enrollment requirements, and grandfathering provisions stated above.

Interest Rates and Processing Fees

Interest rates for Perkins loans are fixed at five percent and zero percent interest is charged while the student is enrolled at least half time. There are no processing fees for the Perkins loan.

Information for Perkins Loan Recipients

A Federal Perkins Loan is a low-interest (5 percent) fixed-rate loan for undergraduate and graduate students enrolled at least half time. The loan is made with government funds, previously allotted to CSU, Chico. Because Congress has not authorized new Perkins funds for some years, CSU, Chico borrowers who are now repaying their loans provide the current funds available.

All Perkins loans disbursed at CSU, Chico are managed by CSU, Chico Student Financial Services and Educational Computer Systems, Inc. (ECSI). Students may view their promissory note and loan balance, authorize payments and update banking information, change their address, download deferment and other forms, and more on the ECSI Web site. When repayment begins, ECSI will accept payments and oversee loan accounts until loans are paid in full. Contact information for ECSI:

Educational Computer Systems Inc.
181 Montour Run Road
Coraopolis, PA 15108
Phone: 412-788-3900
Fax: 412-494-5626
E-mail: webcservice@ecsi.net

Perkins borrowers may receive help in managing their loans from Collection Representatives in Student Financial Services, Student Services Center 230. When leaving CSU, Chico or dropping to less than half–time enrollment, Perkins borrowers are required to contact the Collection Representatives to complete Perkins Loan exit counseling.

Grace period

When students graduate, leave school, or drop below half-time enrollment, they have a nine-month grace period before repayment of Perkins Loans. Exit counseling is required when leaving CSU, Chico.


Federal Perkins Loan recipients do not have to make payments while enrolled at least half-time in an accredited school of higher education. This period of deferment is one of four available. There are also a number of provisions for Perkins Loan forgiveness for employment in certain fields, including law enforcement, teaching in low-income schools, nursing, and volunteer service such as the Peace Corps. Complete details on deferments, cancellation, and repayment are provided on the Perkins Master Promissory Note and through Student Financial Services. Also see our Web site section on Loan Forgiveness.

Back to Top