Student Billing - Perkins Loans

The Perkins Loan program is one of the federally funded sources of educational assistance available to Ursinus College students. This information is being provided to the borrower to better manage their loan. A loan is a serious responsibility and obligation. If you have any questions please contact the Student Billing office at 610-409-3579 or -3626..

Your Rights

As a Perkins borrower, you have the right to the following information. Ursinus College and ACS will provide this information when you graduate or discontinue your education at Ursinus College.

The amount of your total debt (principal and estimated interest), your interest rate and the total interest charges on your loan. The name of the agency that holds your loan, where to send your payments, and where to write or call if you have any questions.

The address and telephone number of your loan-servicing center:

ACS Inc Education Services
Campus Products and Service
POBOX 7060
Utica, NY 13504
800 826 4470  

About Debt Management

Notification that you must provide: your expected permanent address, the name and address of your expected employer, the address of your next-of-kin, social security number, references, and driver’s license number.

You will have a right to a grace period before your repayment period begins. Your grace period begins when you graduate, leave Ursinus, or drop to less than half-time status.

Your Responsibilities

Contact ACS with any change in your name, address, and/or telephone number.

Repay your loan according to the terms of the original promissory note. You have signed a legal document. You must repay your loan even if you didn’t complete your education, aren’t able to get a job after your graduation or program.

Make payments on time even if you fail to receive a billing statement. Failure to do so may put your account in default status.

Submit properly and fully completed any forms requesting deferment or cancellation. Forms must be filled out as soon as you become eligible for a benefit. Most forms require completion annually.

Deferments, Forbearance & Cancellations

Ursinus College understands that circumstances happen that make difficult for you to make payments on your Perkins Loans. Ursinus/ACS may grant you a deferment or forbearance on your loan during this time.

Deferments

What it is: An approval to temporarily postpone payments during which time principal and interest cease to accrue.
When to apply: If you are enrolled (half-time or more) in a higher educational program, are unemployed, experiencing economic hardship, or if have become totally and permanently disabled.
How to apply: Complete Access Form and return to ACS.

Forbearance

What it is: Loan payments are posted or reduced for a limited and specific period although interest will still accrue. Forbearance may be granted in 12 month or shorter intervals for up to three years.
When to apply: If you were temporarily unable to meet your repayment schedule, but are not eligible for a deferment.
How to apply: Complete Access Form and return to ACS.

Cancellations

What is it: The Perkins loan program provides you with an opportunity to cancel all or part of your loan for certain types of employment or service. Contact ACS to see if you are eligible for any cancellation.
When to apply: If you expect to be eligible for any cancellation, you should apply for deferment of your account during your year of qualifying service or employment. This process delays billing until the end of the year, when your payments will be cancelled. Depending upon the type of cancellation it may take up to five years to complete.

CONTACT US

Corson Hall

Student Billing Office Hours
Monday-Friday 
8:30 a.m. - 4:30 p.m.
E-mail: studentbilling@ursinus.edu
Phone: 610-409-3579

2013-14 New Student Orientation presentation>

IMPORTANT BILLING DATES

Fall 2014 Invoices with Estimated Financial Aid

Mailed  7/10/14
Due  8/8/14 

Spring 2015 with Estimated Financial Aid

Mailed 12/11/14
Due 1/9/15