How and Where do i go to repay my federal perkins loan?

Question by Patrick B: How and Where do i go to repay my federal perkins loan?
Although i know how to pay back my stafford loan, I am very confused about how and where to go to repay perkins loan. Is my college the lender of the perkins loan? If so, then do i just call up my school’s financial aid office? Please help!

Best answer:

Answer by NotAnyoneYouKnow
Your college is (or was) the lender, but it’s unlikely that they’re going to handle the repayment. Chances are that they have contracted with a loan servicing company to administer the loan during your repayment obligation.

When you leave school (or when you left school), you were required to complete a financial aid “exit interview”. The point of that interview was to explain your payment obligations, and to introduce you to the loan servicing company that would coordinate your repayment. That company will send you some sort of monthly payment “reminder” – probably in the form of a coupon book that you would use to make your payment each month.

If you haven’t left school yet, then relax – your first Perkins loan payment isn’t due until you’ve been out of school for 9 months.
If you have left school, and you just haven’t been contacted yet, then you could certainly call your financial aid office and ask them for more information about the loan servicing company that will be getting in touch with you.

I hope this helps – good luck!

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