Federal Perkins Loans are awarded to students based on a combination of significant need as demonstrated on the FAFSA form and the availability of funds.
The interest rate for the Perkins Loan is 5%, and no interest or principle payments are due until 9 months after a student graduates (or drops below half-time status). Besides interest, there are no other fees associated with Federal Perkins Loans.
After you start to repay your Perkins Loan, if you skip a payment, make a payment late, or make less than a full payment, you may be assessed a late charge. If you continue not making payments as required, you will have to pay collection fees.
Cabrini College uses Campus Partners—a loan-servicing center—to bill, collect payment, and provide loan services to students who have supplemented their tuition with a Perkins Loan.
Campus PartnersGet payment, deferment, and other loan information. Be sure to have your 16-digit account number available (located on the top left-hand corner of your billing statement.)
Borrower Service Representative: 1-800-334-8609
Payment For Federal Perkins Loans, the grace period ends nine months after a student graduates (or drops below half-time status). This is when your first payment will be due. You will receive billing information from Campus Partners.
Each student receives a Perkins Loan repayment schedule during their exit interview with the Financial Aid Office. When repayment begins—after your grace period has ended—Campus Partners mails billing statements. The due date will be defined on your statement.
Contact InformationMake sure to keep your mailing address up-to-date with Campus Partners at all times. Even if you do not receive your billing statement, your payment is still due monthly.
ResourcesVisit www.mycampusloan.com for further information about:
Mail all Perkins Loan payments, forms, and correspondence to: Campus Partners PO Box 2901 Winston-Salem, NC 27102-2901
CollectionsIf you have received any type of communication from a collection agency regarding your Perkins Loan, this means you have defaulted in your payments. Please contact the collection agency directly with any questions.
Cabrini College uses Collection Recovery Services (CRS) as our collection agency for Perkins Loans. To contact CRS, please call 1-800-250-8206.