Welcome to the Perkins Loan Office
The Federal Perkins Student loan program is a campus-based loan program, which means Loyola is the lender. And although Loyola is the lender, we have contracted with ECSI (Educational Computer Systems, Inc) to assist us in servicing our Perkins loans.
The Perkins loan has a 5% fixed interest rate and no interest accrues while the student is enrolled on at least a half-time basis, during the 9-month grace period, and during the period of deferment. Because this is a federal loan, it is governed by federal regulations set by the Department of Education. The Office of Scholarships and Financial Aid awards Perkins loans to students with exceptional financial need based on the FAFSA. Please contact the Scholarships and Financial Aid office if you have questions about the awarding of Perkins loans or about other federal loan programs.
Perkins loan borrowers who are graduating, withdrawing from the university, or dropping below half-time enrollment are required to complete and sign an Exit Interview. Please visit /perkins/exit-interview for further instructions.
Questions concerning the repayment of your Federal Perkins Student Loan can be answered by links on this page or you may contact Tracy McLendon, Student Accounts Receivable and Collections Manager.
Questions concerning your other federal student and parent loans may be answered through links from our Scholarship and Financial Aid website.
ECSI – We have contracted with Educational Computer Systems, Inc (ECSI) to bill and collect our Perkins Student Loans and Nurse Faculty Loans. We have not ‘sold’ our Perkins loans or Nursing loans to ECSI and will still maintain our Perkins Loan Office here on the main campus at Loyola University New Orleans. However, this company has many resources that will assist not only us in the disbursement and collection of our loans but will assist our borrowers with many features that we could not provide alone. Some of those features include:
- Electronic Promissory Notes
- Electronic Entrance and Exit Interviews
- Account Inquiry on the web
- Direct monthly payments from your checking account
- Additional payment options
- Advanced payments
- Access to Downloadable Forms such as deferment and forbearance
- Links to Federal government regulations website
- On line address changes
Loyola University New Orleans
Marquette Hall, Room 105
Normal Business Hours: