Federal Perkins Student Loan
Student Fiscal Services -Custer Hall 101
600 Park Street
Hays, KS 67601
Phone: 785 628-5922
Fax: 785 628-4074
E-mail: sfsmail@fhsu.edu

Federal Perkins Student Loan Rehabilitation
FHSU Federal Perkins Student Loan Borrowers

Due to recent changes in Federal regulations (Code of Federal Regulations - 34 CFR 674.39), Fort Hays State University is establishing a Federal Perkins Student Loan Rehabilitation program for defaulted borrowers, which will become effective July 1, 2000. A defaulted loan will be considered rehabilitated after the borrower makes 12 consecutive on-time monthly payments, as determined by Fort Hays State University.

The benefits of loan rehabilitation include:

• The request will be sent to the credit bureau to remove default from the credit history.
• The loan is returned to regular repayment status.
• The first payment made under the 12 consecutive payments is the first payment under the 10-year repayment maximum.
• Borrower regains the balance of benefits and privileges of the promissory note as applied prior to default.
• Collection accounts will be returned from the collection agency.
• Borrower re-establishes Title IV student financial assistance eligibility.

How to apply:

Borrowers must request loan rehabilitation by contacting the office listed below.
A Loan Rehabilitation Agreement must be negotiated, approved and executed before the loan can be rehabilitated.

A defaulted loan may be successfully rehabilitated one time only!

Contact our office if you would like to take advantage of this program.

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