Perkins Loans are awarded as part of a package of Federal, State or other financial aid offered to applicants requesting financial assistance to attend the university. Awards are based on the applicant's need and the availability of loan funds. Applicants cannot "apply" specifically for a Perkins Loan. For complete information concerning applications for financial assistance and awarding, please contact the Student Financial Aid and Scholarships.
Once awarded a Perkins Loan for a specific academic year, first time Perkins Loans borrowers will receive letters from Heartland-ECSI (ECSI). ECSI is a billing service provider for the university. The ECSI letters provide instructions regarding signing the Master Promissory Note, acknowledging disclosure documents, and completing Entrance Counseling electronically on-line. To begin receiving the loan funds one must complete the on-line process on the ECSI website. For each new academic year that starts fall term, first time Perkins borrowers will be able to access their documents on the ECSI website in mid-July. The proceeds of the loan are disbursed on a term-by-term basis, and applied to the Student Billing Account, along with any other student aid disbursements (such as Federal Direct Loans, Pell Grants, Supplemental Grants, Oregon Need Grants or any other grants or scholarships). For each subsequent year that a student's Financial Aid award includes Perkins Loan funds, the student will receive statements indicating the amounts awarded.