Fort Hays State University > About FHSU > Administration and Finance > Student Fiscal Services > Perkins
The Perkins loan is awarded to undergraduate and graduate students with exceptional financial need and who are enrolled at least half-time. Fort Hays State University is the lender for Perkins. No interest accrues on the Perkins loan while you are attending school at least half-time as well as during the nine-month grace period when you are no longer attending school half-time. There are no origination fees, and the interest rate is currently 5%. Repayment begins nine months after you graduate, totally withdraw from school, or drop below half-time enrollment. Repayment is calculated with a minimum monthly amount of $40 and a maximum repayment period of ten years.
Student Fiscal Services is responsible for disbursement of your Perkins loan. We have partnered with Educational Computer Systems, Inc. (ECSI) in processing and collecting all of our Perkins loans.
When you graduate, leave or drop below half-time status, you are required by federal Perkins regulations to complete an Exit Counseling interview. Contact ECSI to complete your Exit Counseling. ECSI provides convenient repayment options, Automated Direct Payment and online debit/credit card options.
NOTE: If you withdraw from all of your classes at FHSU prior to the end of the semester, or you receive all unsatisfactory grades in your classes, then a portion or all of your Perkins loan may be deemed unearned as determined by federal financial aid regulations, and you may be required to return the unearned portion to FHSU immediately. See the Return of Title IV policy for more information or contact us at 785-628-5892 or firstname.lastname@example.org.
Perkins loans are eligible for deferments and cancellations depending on the terms of your promissory notes. Deferments may be granted if you return to school to seek a degree and are enrolled at least half-time.
Your Perkins loan may be eligible for consolidation. If you are interested in consolidating your Perkins loans with other student loans, be sure to check out ECSI's Loan Consolidation information. After you have consolidated, you will be subject to the terms and conditions of the consolidating agency and no longer be eligible for deferment or cancellation benefits through the Perkins loan program. It is your responsibility to provide the consolidation company with your loan information.
ECSI will mail your 2013 IRS Form 1098-E in January 2014 to the address last provided to ECSI unless you completed "eTax Document Sign-Up" through its website. If you do not receive your IRS Form 1098-E, contact ECSI through its website or by phone at 866-428-1098.
Contact ECSI at 888-549-3274 or by email.