Skip to Content Skip to Footer
Goshen College
Join our new Connected Cause: The Campaign for Goshen College Learn more and give now
Accounting Office  —  Loan Repayment Info

Loan Repayment Info

This is a general information page concerning repayment of loans, benefits and responsibilities for borrowers of Perkins and Nursing loans.

For information regarding the Federal Direct Student Loans, contact the Financial Aid Office at (574) 535-7535 or go to goshen.edu/financial-aid/student-loans/.

ON THIS PAGE:

Exit Interviews

Any student who graduates, withdraws, or drops below six hours of enrollment, and has a Perkins or Nursing loan, is required to complete an exit interview. The purpose is to provide you with information concerning your rights and responsibilities, and includes details about repayment, late fees, collection fees and default. Exit interviews for Perkins and Nursing Loans are completed online at https://www.uasconnect.com/. You cannot complete the exit until the school has been notified of your student status. Exit interviews must be completed before transcripts can be released. Click here for important loan information for departing students.

Payments

University Accounting Service (UAS) is the billing service for these loans. You will get a statement approximately the first week of the month before your payment is due on the first of the next month.

PERKINS AND NURSING LOANS:
These loans are billed quarterly. Payments are due by the 1st of the month.

Grace Periods

PERKINS AND NURSING LOANS:
These loans have a nine-month grace period.

Deferments

PERKINS:
Granted according to the promissory note, including student deferment, economic hardship, forbearance and unemployment.

NURSING:
Student deferment only when continuing with studies in a related field.

Cancellations for Perkins Only

Your promissory note contains information regarding cancellation. Some of the more common cancellations are teaching in low income schools, teaching handicapped children, Head Start, early intervention, working with at-risk children or youth. You must be employed full time. The loan is canceled by a percentage for each year you qualify. The Perkins loan can be canceled in full over a five-year period.

Nursing/Med techs: Perkins loan can be cancelled according to your promissory note.

Your Responsibilities:

  • Make payments on time.
  • Notify UAS and GC of name and address changes promptly.
  • File deferment, cancellation, or other forms before payment due dates.
  • Notify UAS and GC before payment is due if you will be late making a payment.

GC Responsibilities:

  • Report loan status to the credit bureau monthly.
  • Assess late fees.
  • Accelerate the loan (require you to pay entire loan immediately).
  • Place loan with a collection agency and charge collection costs to you.
  • Litigate.
  • Assign your loan to the Department of Education or Health and Human Services.

Address Information:

Payments:
Make check payable to GOSHEN COLLEGE
Send to: University Accounting Service LLC
PO Box 5879
Carol Stream, IL 60197-5879

 

Goshen College contact:
Greg Sommers
Student Accounts Manager
Goshen College Accounting Office
1700 S Main St
Goshen IN 46526
Telephone: (574) 535-7511
Email: glsommers@goshen.edu

 

Correspondence and Forms:
University Accounting Service
PO Box 918
Brookfield WI 53008-0932
Telephone: (844) 870-8701

 

Website information:
Visit www.uasconnect.com for exit interviews, general information, download/print forms, deferments, etc.