The Federal Perkins Loan Program provides low-interest loans to help students with exceptional financial need as defined by the school. Simpson University defines exceptional need as: Cost of Attendance (COA) – Expected Family Contribution (EFC) – Estimated Financial Aid (EFA) not including Unsubsidized Stafford loan, PLUS loan and work-study.
Federal Perkins Loans will be batch awarded to the neediest students using the above formula after the respective priority deadlines. If you are eligible for a Perkins loan it will be listed on your award letter once the batch award process is completed. Perkins loan eligibility is reviewed on an annual basis. You can refer to your award letter within Self-Service as needed.
If you chose to accept a Federal Perkins Loan you will need to complete the online Master Promissory Note process every year that you accept a Perkins Loan. You can complete this process at https://www.ecsi.net/prom4s. You will receive your login information for the site in an email from ECSI. You will also need your FAFSA Pin and reference information for yourself, next of kin (a relative) and two additional references.
Awarding Perkins loans is based on the availability of funds and if the students meet all additional eligibility criteria.
To decline the Perkins loan, please email email@example.com stating your choice to decline. Be sure to include your student ID number.
If you have any questions regarding this process, please contact Educational Computer Systems, Inc (ECSI) who services all Federal Perkins Loans for Simpson University.
Educational Computer Systems, INC (ECSI)
181 Montour Run Road
Coraopolis, PA 15108
If you drop below half time, graduate or withdraw and have had a Perkins loan while at Simpson University, you will need to complete a Perkins Web Exit online at https://borrower/ecsi.net/ even if you plan on continuing your education at another institution.
ECSI will contact you with login information to complete this process within 30 days of your drop below half time status.
You will not be allowed to receive transcripts or re-enroll before this process is complete.
*The Perkins Loan program will be ending after the 2017-2018 year.