University of Vermont

Student Financial Services

Loan Repayment and Graduating Student Information

How do I repay my UVM Loan and Perkins Loan?
How do I access my loan information, including how much I owe and who to pay?
What will show on my credit report?
Can I consolidate my loans?
What are the repayment options for my Federal loans (Stafford, PLUS)?
I am finishing my program; do I need to do a Loan Exit Interview?

How do I repay my UVM Loan and Perkins Loan?

UVM loans and Federal Perkins Loans borrowed by UVM students are administered by ECSI.

What does this mean? UVM has contracted with ECSI to assist in the administration and billing of UVM and Federal Perkins Loans.

ECSI acts on behalf of the University of Vermont for the billing and repayment of your student loans. As an agent for UVM, ECSI will assist you in meeting your repayment obligation for your student loan(s).

Monitor your UVM and Perkins Loans online at www.ecsi.net.

Payments, correspondence and questions may be directed to:

ECSI
181 Montour Run Road
Coraopolis, PA 15108
Phone: (888)-549-3274

How do I access my loan information, including how much I owe and who to pay?

All Loan and Grant History at UVM: Access through the myUVM Student Portal

Use your myUVM portal to access your full loan and grant history at UVM.

  • Login to the myUVM portal and click View Award History in the Student Financial Services section.
  • You will be able to view your loan and grant history broken out by aid year.
  • This site will not reflect any payments you may have already made toward your loans. Your award history reflects the total initial paid amount of each award in each year.
  • Whether you are an active student, or an alum, if you are having trouble logging in to the UVM Portal, contact the Helpline at (802) 656-2604.

Federal Loan and Grant Information: Access through the National Student Loan Database

Use the National Student Loan Data System (NSLDS), www.nslds.ed.gov, to access your federal loan and grant information (amount borrowed, servicers, etc.).

  • NSLDS is the U.S. Deparment of Education's central database for student aid.
  • NSLDS contains information on all Title IV programs, which includes Stafford, PLUS, Perkins, Pell Grant, SEOG, ACG, SMART.
  • You will need your FAFSA PIN to access your information on NSLDS. If you do not remember your PIN, go to www.pin.ed.gov to 'Request a Duplicate'.
  • Your loan information on NSLDS will include contact information for the servicer for each loan.

UVM and Perkins Loan Information: Access through ECSI

UVM loans, including Perkins Loans, are administered by ECSI. This means that repayment is handled through ECSI (www.ecsi.net).

  • ECSI acts on behalf of UVM for the billing and repayment of your Perkins and UVM Loans. As an agent for UVM, ECSI will assist you in meeting your repayment obligation for these loans.
  • To find out about your loan balance, make a payment, or get answers to questions, contact ECSI directly:
    ECSI, 181 Montour Run Road, Coraopolis, PA 15108; (888)-549-3274; www.ecsi.net

Private/Alternative Loan Information: Contact Lenders Directly

For information regarding your Private (Alternative) Student Loans, contact your lender(s) directly.

What will show on my credit report?

It is important to maintain a good understanding of your credit. There are three nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. These companies can have different information, so it is good to check all three annually. Visit AnnualCreditReport.com to learn about accessing your credit reports.

Loans in deferment (even while in school) and in repayment will be listed on your credit report. Loans in deferment/forbearance may be questioned if you are trying to access new credit (buying a car, home, etc.), especially if the deferment is not due to an in-school status.

It is very important to stay current with loan payments so that your credit is not negatively affected. Making late payments can have a very negative impact on your credit history and score. It is important to know that a negative entry on your credit report due to a late payment can remain on the report for up to seven years, according to the Fair Credit Reporting Act. Loan default happens when a borrower becomes 270 days delinquent on a loan (the time count starts on the day after payment is missed). Communication is the key to avoiding loan default. If you are having trouble making payments, contact the servicer for your loans to find out about your options. Loan default is not good for anyone (including schools and lenders), so your lenders will work with you to prevent default if you communicate actively with them, and take all requested steps.

Can I consolidate my loans?

Some federal student loan borrowers may be eligible to consolidate into a Direct Consolidation Loan. Please review the information below, and go to loanconsolidation.ed.gov or mappingyourfuture.org for additional information.

  • Consolidation combines different types of federal student loans, including Subsidized/Unsubsidized Stafford Loans, Perkins Loans, and Graduate PLUS Loans.
  • To qualify for a Direct Consolidation Loan, a borrower must have at least one Direct Loan or Federal Family Education Loan (FFEL) that is in grace, repayment, deferment, or default status.
  • Loans that are in an in-school status cannot be included in a Direct Consolidation Loan.
  • The interest rate on a consolidation loan is set to the weighted average of the interest rates of the loans being consolidated.
  • Consolidation extends repayment 120-360 months, which means there is the potential of paying more interest over the repayment period.

What are the repayment options for my Federal loans (Stafford, PLUS)?

There are several repayment options for your Federal Stafford and PLUS Loans. Please review the information below and use the links provided to get more details.

You can find a great deal of detailed information regarding repayment and deferment/forbearance at the following websites:

Stafford Loan Information

  • Stafford Loan repayment begins 6 months after a student graduates, withdraws or drops below half-time enrollment.
  • Subsidized Stafford Loans do not typically accrue interest while a student is enrolled at least half-time. The interest subsidy may be limited for students who fail to complete their program within 150% of its published program length. Interest does accrue while in repayment.
  • There are several repayment plan options: standard, graduated, extended, income-based, income-sensitive (not available for Direct Loans), and income-contingent.
  • Students are automatically set on the standard repayment plan, and must contact the servicer to change the repayment plan. Repayment plans can be changed once per year.
  • Visit studentaid.ed.gov to view detailed information about repayment options.

PLUS Loan Information

  • PLUS Loan repayment begins after the loan is fully disbursed. The first payment is due within 60 days of the final disbursement, unless the borrower requests a deferment.
  • A Graduate PLUS Loan borrower can defer repayment while enrolled at least half-time.
  • Parent PLUS Loan borrowers whose loans were first disbursed on or after July 1, 2008, may choose to have repayment deferred while the student for whom the loan is borrowed is enrolled at least half-time and for 6 months after the student is no longer enrolled at least half-time.
  • Parent PLUS Loan borrowers who are also students, can defer repayment while enrolled at least half-time.
  • Interest that accrues during deferement periods will be capitalized if not paid by the borrower during the deferment.
  • There are several repayment options for PLUS Loans. Please visit studentaid.ed.gov for detailed repayment information.

Repayment Calculators

To get an idea of your monthly payment amount and payment timeline, check out the repayment calculators on the following websites:

How do I request a deferment or forbearance?

  • To request deferment or forbearance, you need to contact your loan servicer. If you are unsure of the servicer, you can login to the National Student Loan Data System (NSLDS) at nslds.ed.gov to get the information.
  • Be sure to contact your servicer as soon as possible if you find that you are having trouble making payments or have an upcoming life change (entering military service, going back to school, etc.).

I am finishing my program; do I have to do a Loan Exit Interview?

Graduating students who have borrowed federal and/or UVM loans must complete Loan Exit Counseling (Interviews) for those loans.

UVM Loans, including Federal Perkins Loans

  • Exit Interviews for UVM loans are done online at www.ecsi.net.
  • ECSI is the administrator for all UVM loans, including Perkins Loans.
  • Graduating students will receive an email from ECSI in their final semester with login information and instructions for completing the Exit Interview.
  • If you are graduating but have lost your ECSI login information, contact ECSI at 1-888-549-3274.

Federal Stafford and Graduate PLUS Loans

  • Exit Counseling for federal loans (Stafford and Graduate PLUS) are done online at www.nslds.ed.gov.
  • The Federal PIN is required to access NSLDS. If you have forgotten your PIN, go to www.pin.ed.gov to 'Request a Duplicate'.

Last modified July 18 2013 03:46 PM

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