Federal Perkins Loans

General Information

The University of Sioux Falls has entered into an agreement with the Heartland Campus Solutions/ECSI of Coraopolis PA to provide billing services for the Federal Perkins Loan Program.

Payments and questions regarding payments should be directed to:

Heartland Campus Solutions/ECSI
181 Montour Run Road
Coraopolis, PA 15108-9408

Please make your checks payable to the University of Sioux Falls.  Payments are due on the first day of the month and should be sent directly to the Educational Computer Systems, Inc in Coraopolis, Pennslyvania (see address above).

If you wish to review your statement and payments on-line, receive your bills on-line, make your payment on-line or set-up recurring payments to be directly withdrawn from your checking or savings account, visit www.heartlandecsi.com

Forms such as Requests for Deferments and Requests for Cancellation are available online through the ECSI website at www.heartlandecsi.com or in the University of Sioux Falls Business Office.

Questions or concerns may be directed to Tiffany in the University of Sioux Falls Business Office.  Tiffany can be reached at (605) 331-6640 or  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  or you can contact Lisa at (605) 331-6588 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

Borrower’s Statement of Rights & Responsibilities

  1. I understand that the amount of money I borrow is called the principal.
  2. I understand that my Federal Perkins Loan along with other accepted financial aid helps meet my calculated financial need.
  3. I understand that I must maintain Financial Aid Satisfactory Academic Progress, as described in the most recent USF Catalog, to continue funding.
  4. I understand that the funds received from the Federal Perkins Loan Program require me to maintain federal eligibility requirements and the funds I receive must be applied to education expenses.
  5. I understand I must, without exception, report any of the following changes to the University of Sioux Falls, Financial Aid Office or Business Office, 1101 W 22nd Street, Sioux Falls, SD  57105:
    1. if I withdraw from school.
    2. if I transfer to another school.
    3. if I drop below half-time status.
    4. if my name should change (example – marriage).
    5. if my address or my parent’s address changes.
    6. if my social security number should change.
  6. My first monthly payment will be due nine months from the time that I cease to be at least a half-time student.  I may prepay any amount without penalty. Interest will be reduced by prepaying.
  7. My monthly payment will be at least $40.00.  It may be more if the amount borrowed is sufficient to require larger payments.  The maximum length of time for repayment is 10 years.
  8. I realize that the aggregate loan limits are $20,000 for an undergraduate, and $40,000 for graduate or professional students.
  9. The ANNUAL PERCENTAGE RATE OF 5% will be the FINANCE CHARGE based on the unpaid balance and will begin to accrue nine months after I cease to be enrolled as at least a half-time student.
  10. Forbearance may be granted upon written request to USF for principal and interest or principal only as requested, renewable at 12-month intervals for a period not to exceed three years (36 months), if my annual Title IV loan repayment obligation equals or exceeds 20% of my gross income.
  11. Cancellation may be granted for certain types of teaching, military service, volunteers of the Peace Corps, law enforcement, nurse or medical technician, employee of a child or family service agency, and in the event of death or permanent disability.  I understand and accept the responsibility to inform USF of such status.
  12. Deferment of repayment may be granted if I enter military service, attend as a regular student at an eligible institution at least half-time, pursue a course of study in an approved graduate fellowship program or approved rehabilitation training program for disabled individuals, or for a period not to exceed three (3) years during which I am seeking and unable to find full-time employment.
  13. I understand that payments are made payable to the University of Sioux Falls and are sent to Heartland Campus Solutions/ECSI, 181 Montour Run Road, Coraopolis, PA 15108-9408.
  14. If I fail to repay my loan as agreed, the total loan may become due and payable immediately and legal action could be taken against me.  If I allow my loan to become more than 120 days past due, my loan will be considered in default and I will be ineligible for any Title IV funds.  If my loan remains in default for two or more years, it may be assigned to the U.S. Government for collections.
  15. I understand that if I cannot make payments on time, I MUST contact Heartland Campus Solutions/ECSI to make arrangements.
  16. I understand that if I skip a payment, make a late payment, or make less than a full payment, I may have to pay a late charge plus any collection costs.
  17. I will promptly answer any communication from the University of Sioux Falls or Educational Computer Systems, Inc. regarding my loan.
  18. I authorize the University of Sioux Falls to contact any school that I may have attended, to obtain information concerning my student status, my year of study, my dates of attendance, graduation or withdrawal, my transfer to another school, or my current address.  This authorization is in effect until my loan is paid in full.
  19. I authorize the University of Sioux Falls to report this loan to credit reporting bureaus.
  20. I understand that I have the right to consolidate my loan with other Federal Education Loans.  Consolidating my loans will increase my interest rate and will have an impact on deferment and cancellation options.
  21. I understand that the Department of Education Office of Ombudsman is available to resolve disputes from a neutral, independent viewpoint.  The office will informally conduct impartial fact-finding about borrower complaints.  Information is available at http://ombudsman.ed.gov or by calling 1-877-557-2575.
  22. I understand I may confirm my loan status, current holder and loan debt through the National Student Loan Data System.  To do so, I would access the following website:  http://www.nslds.ed.gov/ .  I will need to provide my SSN and my current Department of Education PIN – the same PIN used for my FAFSA.

Consolidation Information

Consolidation is the process of combining a number of outstanding educational loans into a single larger, but more manageable, loan.

Benefits of Student Loan Consolidation:

  • Low fixed interest rate for the life of your loan
  • One low monthly payment
  • No fees or credit checks
  • No prepayment penalty
  • Flexible repayment terms

As a student loan borrower, you may be the target of marketing efforts by many student loan consolidation companies.  Unfortunately, not all companies offering consolidation are credible.  Some may inaccurately portray themselves as the only lenders to offer consolidation loans or make promises that seem too good to be true.  Therefore, before you send in an application it is a good idea to research the lenders you can choose to consolidate your student loan with as you can only consolidate once.  You will be working with that lender for the life of your loan.

Possible consolidation companies to consider:

Direct Loans (consolidations with the U.S. Department of Education)www.loanconsolidation.ed.gov
(800) 557-7392

Student Loan Finance Corporation
(800) 645-0371

Iowa Student Loan
(800) 243-7552

Important Links

Teacher cancellation web site (US Dept of Education definitions of Low Income Schools):

Department of Education Office of Ombudsman

National Student Loan Data System

Educational Computer Systems, Inc

Student Aid on the Web (through the US Department of Education)www.studentaid.ed.gov