Financial Aid Business Services (FABS)

Student Loans

Student Financial Services disburses the following loan types:

Federal Direct Subsidized Stafford/Ford Loans
Federal Direct Unsubsidized Stafford/Ford Loans
Parent Loans for Undergraduate Students (PLUS)
- Pre-Loan Entrance Counseling

Exit Interview

Federal Perkins Loans
- Pre-Loan Entrance Counseling and E-Master Promissory Note
- Exit Interview
Short Term Loans

William D. Ford Federal Direct/Stafford Loans
The U.S. Department of Education provides information on both applying for and repaying federal student loans at their Student Financial Assistance Web site. Here you will find information on the William D Ford Federal Direct Loan Program, the Federal Family Educational Loan Program (FFELP), and the Parent Loans for Undergraduate Students (PLUS) program.

For information specific to Direct Loans contact the U.S. Department of Education at Direct Loans Servicing Online. The site allows you access to the on-line exit interview, your personal loan information, as well as electronic payment options and deferment forms. Your FAFSA pin number is required to view your account information and to take full advantage of the services offered on the site. If you do not have or no longer know your pin number, you may apply for a new one at www.pin.ed.gov. For information on consolidation of educational loans visit their Direct Consolidation Loan Web site.

Federal Perkins Loans
Federal Perkins Loans are campus based federal loans. Federal funds are awarded to the campus to loan and collect back. CSU, Chico has contracts with Educational Computer Systems, Inc. (ECSI) to service Perkins Loans for the campus.

The Perkins Loan Program is totally separate from the Wm. D. Ford Direct Loan Program. Perkins Loans are not billed or maintained by the U.S. Department of Education.

CSU, Chico uses an electronic master promissory and entrance interview which are accessed via the ECSI website. Students may sign the e-master promissory note electronically using their USDE Pin. On-line entrance counseling and borrower information are included in the process. Once the promissory note is completed, an ECSI PIN is provided to access Perkins Loan account on-line. Borrowers then change their PIN to a password. Borrowers may then view their promissory note, see advances and access their loan history on-line.

Here is a brief overview of the Perkins Loan provisions.

Fixed simple annual interest rate of 5%.
A nine month grace period before interest begins to accrue or payment is due.
Deferments available for enrollment, economic hardship and for certain internships.
Cancellation of a percentage of principal borrowed for full time employment in certain occupations under specific conditions including but not limited to:

Teaching in Low Income Schools
Teaching Handicapped
Teaching Math, Sciences, Bilingual or Foreign Languages
Nursing/Health Professional
Sworn Law Enforcement Officer
Social Worker for at risk low income children and families
Headstart Professional

See Federal Perkins Loan Repayment Information for detailed information.

Collection Representatives in Student Financial Services are available to assist Perkins borrowers in managing their Perkins Loan. Perkins recipients are required to contact the Collection Representatives to complete Perkins Loan exit counseling when leaving CSU, Chico or dropping to less than half-time enrollment.

Federal Student Assistance Student Loan Ombudsman

Students with Direct Loans, FFELP Stafford Loans or Perkins Loans who are having difficulties resolving problems with their lenders may contact the Ombudsman for help.

U.S Department of Education
FSA Ombudsman
830 First Street NE
Washington, D.C. 20202-5144
fsaombudsmanoffice@ed.gov
http://www.ombudsman.ed.gov
202-275-0549 FAX
877-557-2575 Toll Free Phone
202-377-3800 Phone

Short Term Loans
Short Term Loans are loans generally no larger than $500. The loan period can be one (1) to ninety (90) days. Repayment information can be obtained by contacting Student Financial Services..

Receiving Your Student Loans
Information on receiving your student aid at CSU, Chico can be found by selecting our Disbursement link.