Perkins Loan Procedures
Federal Perkins Loans are defined as "A low interest educational loan funded by the Federal Government and administered by the school. Limited to students with high financial need who meet the institution's filing deadline." Please visit the Financial Aid website for more information on obtaining a Perkins Loan.
This section is for students who have been awarded a Perkins loan, are currently receiving a Perkins loan, or needing to pay a Perkins loan back.
What is a Perkins Loan? Perkins Loans are a revolving loan account. Money is awarded and distributed to students from an account. This account gets its funding from students who pay back the Perkins loans they received. Therefore, if you receive a Perkins loan, please know that we will be relying on you to pay it back when you graduate so that another student in need can receive the loan and assist them in their educational funding. This is considered a federal loan, but separate from the Stafford Loan program as the funding for it is institutional and federal.
What is required once I have been awarded a Perkins Loan? Perkins Loans require similar items as other Title IV funds, these include a Master Promissory Note, Entrance Interview and Exit Interview when you graduate, or separate from school at least half time.
Who is Campus Partners? Kutztown University uses a company called Campus Partners as their Perkins loan processor. Campus Partners handles all of the requirements above (Entrance, MPN, Exits). Student can complete most documents, not all, online. The information below will be helpful to students to complete these documents.
What happens when I graduate or withdraw? Upon graduation or separation from KU, enrolled on a less than half time basis, all Perkins loan recipients will be required to complete an exit interview. This is mandatory. Your KU account may be restricted until this is completed. This restriction would prohibit future term registrations, receipt of transcripts or diplomas and restrict the student from viewing grades. Upon review for completion (this may take a few days or more), any previously assigned Perkins Exit restrictions would be removed.
Links at a Glance:
PERKINS Entrance Interviews & PERKINS Master Promissory Notes (MPN) - https://IPromise.campuspartners.com.
INFORMATION YOU WILL NEED TO COMPLETE THE SESSION
- Your Social Security number
- Your driver's license number
- Name, address, and telephone number of your parents or guardian
- Name, address, and telephone numbers of two relatives other than your parents
- Name, address, and telephone numbers of two references, other than relatives, from your home locality
MPN recent changes - As of 5/10/15, Campus Partners is no longer able to accept e-Signatures for a MPN. Choose to complete the information online at their site, print the MPN for faster processing, by selecting File and Print at the top of the browser. Sign the document and mail it to the Office of Student Accounts with urgency. The OSA must receive teh document by September 21, 2015 in order for the Financial Aid Office to process and disburse the award. MPN's receieved after Sept. 21st will not be processed.
The Entrance Interview is completed online with Campus Partners - no changes to this item.
Your Campus Partners account number along with the first four letters of your last name will be used to access the Campus Partner site and register as a First Time User. This account number is on the attachment with your letter.
PERKINS Exit Interviews
For students who have graduated - http://www.mycampusloan.com. If you don't already know your account number, you can create an account with your SSN. Perkins Exit Interviews consist of 4 parts. Parts 1-3 can be completed online with Campus Partners. Part four, the Disclosure statement, must be printed out, signed by the student and returned to the Office of Student Accounts (mail or in person). Address is below.
General Campus Partners - information:
PO Box 2901
Winston-Salem, NC 27102
Office of Student Accounts mailing address for signed documents:
Kutztown University - Student Accounts/Perkins
PO Box 730
Kutztown, PA 19530
Kutztown University changed processors for our Perkins loans starting 1/1/10. ECSI ceased efforts on 12/31/09 and the new company, Campus Partners began to service our students January 25, 2010.