Masterlinks

You are here: Home → Onestop → Finances → Bursar → Federal Perkins Loan Information and Payment

If you have registered for courses and change your mind about attending please be sure to drop all classes, and don’t simply assume the school will run a cancellation process absolving you of any charges. You must withdraw from your classes prior to the first day of the semester to avoid tuition and fee drop charges. Any student that does not officially withdraw from classes prior to the start of the term will be charged tuition and fees based upon the University’s academic calendar.

Please Note: CUNY has made revisions to the procedures for using a credit or debit card for tuition and fee payments. Click here to learn more.

Federal Perkins Loan Information and Payment

A Federal Perkins loan is a low-interest (5%) loan for undergraduate and graduate students with "exceptional" financial need.

Hunter College's school code is F5.

To qualify for a Perkins Loan, a student must be/have:

enrolled at least half-time in a degree program
US citizenship, permanent residency or eligible non-citizen status
satisfactory academic progress
no unresolved defaults or over-payments owed on Title IV education loans and grants
satisfaction of all Selective Service requirements

Perkins Loan Benefits:

9-month grace period
no origination fees
no default fees
5% interest rate
10-year repayment period
loan forgiveness

Under the Teacher's Loan Forgiveness Program, you must meet the requirements to receive cancellation benefits on your student loan. The cancellation form you file requires the signature of an authorized official in the certification section (i.e. Principal, Assistant Principal or Superintendent) to certify your teaching services. If you are applying for forgiveness of loans that are with different servicers, you must submit a seperate from to each of them. ** PAYROLL NOT ACCEPTABLE **

Please see below for other helpful links:
infohub.nyced.org/resources/employee-info/employment-verification

studentaid.ed.goc/sa/repay-loans/forgiveness-cancellation/teacher

Perkins Loan Repayment:

CUNY's contracted billing service for Perkins Loan repayment is ECSI (Educational Computer Systems, Inc.). Approximately nine (9) months after you graduate or discontinue your education, ECSI will contact you about making payment arrangements for your Perkins Loan.

ECSI
100 Global View Drive
Warrendale, PA 15086
1-888-549-ECSI (3274)

Website: www.ecsi.net