Loyola University Maryland

Financial Services

Perkins Loans

All Perkins Loans have an interest rate of 5.0%, a nine month grace period and are billed monthly. Minimum monthly payments are $40.00. Payments are due on the first of each month.The status of all accounts is reported monthly to all major credit bureaus. A late charge is assessed on all accounts fifteen (15) days past due.

Billing Agency:  Loyola's Perkins Loans, and all monthly statements and deferment forms are serviced by:

Heartland ECSI

Exit Interview Information:  All students departing from Loyola, either due to graduation or withdrawal, must complete a federally mandated Exit Counseling session. Loan Exit Counseling must be done before the student is able to receive grades or transcripts. Students will be sent notification to complete the counseling session via email from Financial Aid. If students have any questions regarding the counseling session or information provided therein they should contact Shantey Jackson in Student Administrative Services. Please email her at sjackson3@loyola.edu with any questions.

Deferments:  Students continuing their schooling after leaving Loyola must file a student deferment every semester they are in school. The deferment form can be obtained from Shantey Jackson in SAS. If a borrower does not have a deferment form, they can request the school they are attending to certify attendance on school letterhead. All deferments are to be certified by the school the borrower is attending.

For further information, contact:

Shantey Jackson, Perkins Loan Representative
Loyola University Maryland
4501 N. Charles Street
Baltimore, MD 21210