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Institutional Loan Repayment

Perkins Loan Repayment

  • 9-month grace period
  • interest rate of 5%
  • loan can be consolidated with Federal Direct Subsidized and Federal Direct Unsubsidized Loans
  • may be eligible for deferment or forbearance
  • may be eligible for partial cancellation after working in an eligible field for 12 months
  • Borrowers for the Perkins loan program are scheduled for monthly repayment after an initial grace period or after falling below half-time enrollment.

Nursing Faculty Loan Program (NFLP)

  • 9-month grace period
  • interest rate of 3%
  • interest begins to accrue 3 months after graduation
  • may be eligible for two 6-month or forbearance periods
  • may be eligible for partial cancellation
  • in order for the interest to remain at 3%, graduate must be employed as a nurse faculty at an accredited school of nursing within 12 months after graduation

Loans for Disadvantaged Students (LDS) and Health Professions Student Loans (HPSL)

For detailed information about these loans, visit the financial aid website.


For information regarding loan consolidation, cancellation, deferment, and forbearance options, please contact the loan servicer Heartland ECSI.

Heartland ECSI
888-549-3274 or (412) 788-3900
webcservice@ecsi.net
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