Perkins Entrance Counseling

A Federal Perkins Loan is a low-interest (5 percent) loan for eligible undergraduate and graduate students with exceptional financial need. SDSU is the lender on the Perkins Loan. The loan is made from federal government funds and SDSU funds. If you qualify for a Federal Perkins Loan, detailed instructions and information on how to apply are available on AidLink.

If your financial aid award includes a Federal Perkins Loan, you must complete an entrance loan counseling session and sign your promissory note prior to receiving the funds. The entrance loan counseling session provides you with valuable information regarding the provisions of the loan, and your rights and responsibilities related to the loan. Both entrance counseling and the signing of your promissory note are completed on-line.

When the documents are ready, you will receive an email notification from SDSU’s billing service, Educational Computer Systems, Inc. (ECSI). Information about how to accept and authorize the disbursement of your loan will be included in the email. Log on to ECSI’s secure website.

Contact the Office of Financial Aid and Scholarships if you wish to decline the Federal Perkins Loan.

Federal Perkins Loan funds disbursed to you fall under the provisions of a Master Promissory Note. This means that it will not be necessary to sign the note each year that you are awarded a Federal Perkins Loan, but you may be required to update some forms. It is imperative that you read and complete all documents immediately to ensure timely disbursement of your loan funds. Your loan funds will not be disbursed until all electronic documents are filled out completely and accurately.

If you do not wish to complete this process online, you must contact Student Account Services ([email protected]). Please be aware that requesting paper documents may lengthen the processing time and could delay the disbursement of your funds.

ECSI will notify SDSU once all forms are completed and signed. Your funds will be disbursed by SDSU in less than two weeks (generally 7 – 10 days) provided there are no other holds on your records. Contact Student Account Services ([email protected]) if you have questions.

Other Resources:

If you are considering a teaching career, you may qualify to have a portion of your student loan canceled, forgiven and repaid. Here are some resources that will explain these options:

Information on this Web site is subject to changes without notice. Every effort is made to ensure that information is current and accurate. The statements found on this Web site are for informational purposes only.