However, the student’s Direct Loan eligibility amounts must be included in the calculation of the undergraduate student’s Perkins Loan amount, regardless of whether they actually borrow that full amount.

Graduate Students *Graduate Students do NOT qualify for Subsidized Direct Loans.

Borrowers will be informed that they have reached the maximum annual Direct Subsidized borrowing limit or Direct Subsidized/Unsubsidized borrowing limit when they complete the Free Application for Federal Financial Aid (FAFSA) and receive their Student Aid Report (SAR).

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This may include a percentage based collection fee system.

Alternative Repayment Options The “Terms and Conditions” of your Federal Perkins Loan Master Promissory Note (MPN) provide you with additional detailed information regarding your rights, responsibilities and benefits of a Federal Perkins Loan.

Collection Fees A late payment fee may be charged for each individual scheduled payment that is missed.

If your delinquent account is referred to collections, a collection agency or an attorney for litigation, you may be responsible to repay 100% of the cost to collect the loan including collection fees and litigation cost.

To log into your Perkins Loan repayment center or to contact ECSI please visit or you may contact them by phone at (888)549-3274.

By accepting the award you promise to repay the full loan amount with all interest fees generally within ten (10) years.

Use of Loan funds You may only use financial aid funds to pay educational expenses.

If you accept this loan your eligibility for other student assistance may be effected.

Acceptance of this loan will impact the amount of room in your Cost of Attendance Budget (COA).

This may prevent ETSU from awarding or increasing other sources of financial aid including but not limited to Alternative Student Loans, Parent PLUS Loans, or other applicable awards that may not fit within the student’s COA.

If the student does not qualify for Subsidized Direct Loans this amount can be reallocated to Unsubsidized Direct Loan funding.