Perkins and Nursing Loans

Perkins and Nursing Loans

A Federal Perkins Loan is a low-interest (5%) loan for eligible undergraduate and graduate students with exceptional financial need. This is a campus-based program. Hawaii Pacific University is the lender on the Perkins Loan. This loan is made from federal government funds and Hawaii Pacific University funds.

If you qualify for a Federal Perkins Loan, the Financial Aid Office will notify you by mail of the amount of Perkins Loan funds for which you are eligible. You must complete and sign a Perkins Promissory note to receive your Federal Perkins Loan funds.


Entrance Interview Information
 
Before you receive a Federal Perkins Loan, you are required by federal regulation to complete an entrance counseling session. The session will show you how to manage your student loans, both during and after college.
More information on borrower's responsibilities, Federal Perkins Loan, appears in the Federal Student Guide.
 
Disbursement Information
Perkins Loans are disbursed once all requirements have been met. 

Exit Interview Information
Before you graduate or drop below half-time attendance, you are required by federal regulation to complete an exit counseling session. The session will show you how to manage your student loans after college.
More detailed information on borrower's responsibilities, Federal Perkins Loan, appears in the Federal Student Guide.

Repayment of Perkins Loans
Hawaii‘i Pacific University uses a billing service provider (ACS, Inc. – Education Services) to handle all Perkins accounts. This service allows you to view your account and make online payments. For questions regarding your Perkins loan, please contact the Grants and Federal Aid (GFA) department at grantsandfederal_aid@hpu.edu 

Interest
The rate of interest on the loan is 5% per annum on the unpaid balance. Interest does not accrue until the loan goes into repayment.
For more information on the Federal Perkins Loan Interest Rates, see the Federal Student Guide.

Grace Period, Repayment, Deferments, and Cancellations
Borrowers go into repayment once they graduate, withdraw, or fall to less than half-time and are given a nine-month grace period. Borrowers are given a six-month grace period at the end of a deferment. For more information on repayments, deferments and cancellations of Federal Perkins Loans, see the Federal Student Guide or contact the Grants and Federal Aid (GFA) department at grantsandfederal_aid@hpu.edu 

Loan Consolidations
For information regarding loan consolidations, see the Federal Student Guide.

Collections
Hawaii‘i Pacific University uses three outside collection agencies to collect on Perkins Loans. You may contact General Revenue Corporation at 1-800-234-1472, Todd, Bremer & Lawson, Inc. at 1-800-849-6669 and Coast Professional, Inc. at 1-800-231-0225 for more information and/or make a payment.

A Federal Nursing Loan is a low-interest (5%) loan for eligible undergraduate and graduate students with exceptional financial need. This is a campus-based program. Hawaii Pacific University is the lender on the Nursing Loan. This loan is made from federal government funds and Hawaii Pacific University funds.

If you qualify for a Federal Nursing Loan, the Financial Aid Office will notify you by mail of the amount of Nursing Loan funds for which you are eligible. You must complete and sign a Nursing Promissory note to receive your Federal Nursing Loan funds.

ENTRANCE INTERVIEW INFORMATION
Before you receive a Federal Nursing Loan, you are required by federal regulation to complete an entrance counseling session. The session will show you how to manage your student loans, both during and after college.
More information on borrower's responsibilities, Federal Nursing Loan, appears in the Federal Student Guide.
 
Disbursement Information
Nursing Loans are disbursed once all requirements have been met. 

Exit Interview Information
Before you graduate, or drop below half-time attendance, you are required by federal regulation to complete an exit counseling session. The session will show you how to manage your student loans after college.

More detailed information on borrower's responsibilities, Federal Nursing Loan, appears in the Federal Student Guide.

Repayment of Nursing Loans
Hawaii‘i Pacific University uses a billing service provider (ACS, Inc. – Education Services) to handle all Nursing accounts. This service allows you to view your account and make online payments. For questions regarding your Perkins loan, please contact the Grants and Federal Aid (GFA) department at grantsandfederal_aid@hpu.edu 


INTEREST
The rate of interest on the loan is 5% per annum on the unpaid balance. Interest does not accrue until the loan goes into repayment.
For more information on the Federal Perkins Loan Interest Rates, see the Federal Student Guide.

Grace Period, Repayment, Deferments and Forbearances
Borrowers go into repayment once they graduate, withdraw, or fall to less than half-time and are given a nine-month grace period. Borrowers are given a six-month grace period at the end of a deferment. For more information on repayments, deferments and cancellations of Federal Nursing Loans, see the Federal Student Guide or contact the Grants and Federal Aid (GFA) department at grantsandfederal_aid@hpu.edu 

Loan Consolidations
For information regarding loan consolidations, see the Federal Student Guide.

Collections
Hawaii‘i Pacific University uses three outside collection agencies to collect on Nursing Loans. You may contact General Revenue Corporation at 1-800-234-1472, Todd, Bremer & Lawson, Inc. at 1-800-849-6669 and Coast Professional, Inc. at 1-800-231-0225 for more information and/or make a payment.