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How do I maintain a good credit record?

  • Peace Corps/VISTA Volunteer
  • Law Enforcement
  • Medical Technician/Nurse
  • Work with High Risk Children
  • Early Intervention Services
  • Child and Family Services

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.

  • Notify Student Financial Services collection personnel or ECSI of any change of address or name.
  • Send the payment due each month or quarter even if you do not receive a bill. Send extra payments to reduce your total interest when you can.
  • If you are eligible for any of the aforementioned deferments or cancelations, file the appropriate form on or before your payment due date.

What is a Federal Consolidation loan?

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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.

What if I have problems repaying my loan?

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…)