Perkins Loan Repayment/Deferment/Cancellation

Loan Repayment

After you graduate, leave school, or drop below half-time status as a student, you will have a nine-month (9) Grace Period before you must begin repayment of your Perkins Loan. You will have up to ten (10) years to repay the loan. You will be billed on a monthly basis after your grace period expires. If you do not remit your payment on a timely basis, you will be assessed a Late Fee. You may prepay any or all of the loan principal at any time before it becomes due.

It is your responsibility to keep ECSI or the Student Accounts Officer informed of your current address. Please contact ECSI at 1-888-549-3274 or login to your account at to change your address. Additional information is provided in the Perkins Loan Exit Interview.

Your Perkins Loan can be repaid through an automatic draft of your checking or saving account.

Loan Deferments/Forbearance

You may qualify for a Deferment on your Perkins Loan that is not in default. During deferment, you can delay payment with no interest accruing during the deferment period. Deferments are typically granted for periods of economic hardship and while attending school at least half-time.

You may qualify for Forbearance on your Perkins Loan. During forbearance, loan payments are postponed or reduced with interest continuing to accrue on the principal loan balance. You will be responsible for the interest payments. Forbearance can be granted in intervals of up to 12 months for a total of 3 years.

Request for In-school Deferment

Request for Hardship Deferment/Forbearance

Loan Cancellation

You may have part or all of your Perkins Loan cancelled, under certain conditions, as long as the loan is not in default. Typical conditions for cancellation are careers in nursing, teaching, law enforcement, etc. Contact the Student Accounts Officer for additional information regarding full or partial cancellation of your Perkins Loan. If you have recently graduated and are in your grace period, your grace period will be terminated upon issuance of cancellation. If you wish to forego the grace period and start the cancellation process, complete and return the Request to Waive Initial Nine Month Grace Period form along with the Cancellation form.

Perkins Loans can also be cancelled if the borrower dies or becomes totally and permanently disabled.

Request for Postponement or Partial Cancellation

Request to Waive Initial Nine Month Grace Period

Treasurer's Office

Operating Hours

  • Monday-Friday 8:00am-5:00pm
Copyright of University of Arkansas