All recipients of a Loyola Student Loan will be billed each month by Heartland ECSI, P.O. Box 718, Wexford, PA 15090. Please make checks or money orders payable to Loyola University Maryland and include your Social Security number preceded by 03411.
Change of Name or Address
It is the borrower's responsibility to promptly notify Heartland ECSI at 1-888-549-3274 when there is a change in name or address. Always include your Social Security number, which is your account number.
Interest will begin to accrue on your loan at the end of the grace period. The rate of interest is 5.0% annually calculated on the unpaid principal balance.
Principal Balance x 0.0500 / 12 = Interest Due