Loans

Loans are available for students and their parents to help finance the cost of a college education. Explore the links below to find out more about these options.

Types of Loans

Click on the links below to learn more about these types of loans.

 

Repayment of Loans

There are several repayment options in the Federal Direct Loan Program. Please click here to review repayment information on the Federal Student Aid website.

Repayment calculators give you an idea of your monthly payment amount and payment time line. Check out the repayment calculators on the following websites:

edfund.org

finaid.org

NSLP.org (National Student Loan Program)

studentaid.ed.gov

Communicate With Your Direct Loan Servicer

If you are unsure of the servicer, you can log in 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. Never default on repaying your loan; there are options such as deferment or forbearance, but you must ask for assistance. Also inform your servicer if you have an upcoming life change (entering military service, going back to school, name change, etc.).

Repayment of a Perkins Loan

Johnson State College has contracted with ECSI to assist in the administration and billing of Federal Perkins Loans. ECSI acts on behalf of JSC and will assist you in meeting your repayment obligations. You can monitor your Perkins Loans online at www.ecsi.net.

Loan Consolidation

Some federal student loan borrowers may be eligible to consolidate nto a Direct Consolidation Loan. Using this option can extend your repayment, but there is the potential of having to pay more interest on your loans. Additional information can be found at www.loanconsolidation.ed.gov and by contacting your Direct Loan Servicer.