The Student Loans staff along with the Financial Aid Office perform functions related to the University’s participation in the Federal Title IV Loan Programs. These programs are comprised of the Federal Perkins Loan Program and the William D. Ford Federal Direct Loan Program , which includes the Parent Plus Loan. The Financial Aid Office is responsible for awarding and originating all Federal Loans. The Student Loans staff provides student borrowers with loan counseling, loan indebtedness information, and repayment responsibilities for the Federal Perkins Loan.
To complete the required Entrance Loan Counseling for first-time borrowers click HERE.
To complete the Loan Agreement (MPN) for Direct Loans click HERE.
Repayment Information for Federal Perkins Loans
The standard repayment period is ten years, not including any deferment periods. The minimum monthly payment is $40.00 and it may be higher depending on the amount of Perkins loan money borrowed. Repayment is made directly to the Student Loans staff located in the Office of Student Accounts and begins on the month following the grace period. You may pre-pay your loan without interest penalty.
Payments can be made in the University’s Office of Student Accounts, online at www.argsu.georgiasouthern.edu, or by mail with a check or money order.
For further information on repayment options, please visit our Perkins webpage .
A deferment allows the temporary postponement of principal payments and in some cases also interest payments if you meet certain criteria. Each deferment has different criteria you must meet in order to receive the benefit. If you believe that you are eligible for a deferment, please call 912-478-1264 or 912-478-5411. It is the borrower’s responsibility to file the request for deferment on a timely basis. Failure to submit the deferment forms by the due date may result in the reporting of past due information to the Credit Bureau on your account. Please remember it is your responsibility to contact our office to apply for a deferment.
A forbearance is a temporary postponement of payments granted to borrowers who are experiencing financial hardship, poor health, or for other acceptable reasons. The borrower may alternatively request an extension of time allowed for making payments or the acceptance of smaller payments than were previously scheduled. Unlike deferment, interest continues to accrue during the period of forbearance. Borrowers must request forbearance in writing, providing supporting documentation of the reason for forbearance. Both the borrower and the school must agree upon the terms of the forbearance. Failure to submit the request and documentation by the due date may result in the reporting of past due information to the Credit Bureau on your account. If you believe that you are eligible for a forbearance, please call 912-478-1264 or 912-478-5411. Please remember it is your responsibility to contact our office to apply for a forbearance.
A borrower may have all or part of his/her Perkins loan (including interest) cancelled for engaging in teaching, public service, service in the Peace Corp or ACTION, or service in the military. Perkins Loans can also be cancelled because of total & permanent disability or because of death. Please call 912-478-1264 or 912-478-5411 for more details.
Exit Counseling for Perkins Loans must be completed when a student is graduating, no longer attending the University, or is enrolled less than half-time. If the Exit Counseling is not completed by the Perkins Loan Office, a hold is placed on the student’s account until the paperwork is completed.
Last updated: 4/28/2017