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Payment Methods
All payments are due by the 15th of
the month. The following payment methods can be used for making your
payment:
- mail check to ECSI
- phone in credit card (VISA, MasterCard, Discover/NOVUS, American
Express) to the College
- provide direct debit information for automatic payment to ECSI
- set up pre-authorized credit/debit card with the College
- walk in with cash, check or credit/debit card to the College
Rehabilitation of a Defaulted Perkins Loan
- The borrower may rehabilitate a
defaulted loan only one time.
- A loan is rehabilitated if the borrower
makes twelve (12) on-time monthly payments for twelve (12) consecutive
months and the rehabilitation is requested by the borrower.
- Within 30 days of receiving the
borrower's last on-time, consecutive monthly payment
- The borrower will be returned to
regular on-time repayment status.
- The borrower's negative credit will be
removed from their credit history.
- The first payment made under the twelve
(12) consecutive payments will be considered the first payment under the
new ten (10) year repayment schedule.
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