For most students, a Perkins Loan is the first experience with credit. Student loans can be an excellent way to establish a good credit rating. Pay your loan promptly each month or quarter. Here are some tips on establishing good credit.
Consolidation Loans offer you the opportunity to combine different types of federal student loans. Consolidation is an option that will simplify your repayment. If you have a William D. Ford Direct Loan with Stafford and/or Perkins Loans you can currently consolidate through the Department of Education by contacting the USDE Consolidation Loan Information Center online, or by calling 800-557-7392.
If you have a problem making scheduled payments on your loan, contact Student Financial Services immediately (707)826-4407. A Perkins counselor will work with you to help you avoid the costs and adverse consequences of delinquency and having your loan classified as in default. Deferment and forbearance are options that can help you avoid default and maintain a positive credit history. (más…)