Perkins Loans

Student Loans

Arkansas Union Room 214
Fayetteville, Arkansas 72701
P(479)575-5651
F(479)575-8667

The University of Arkansas Student Loan Office has contracted with Educational Computer Systems, Inc. (ECSI) to ensure compliance with the federal regulations and guidelines and maintains the promissory notes that pertain to the Federal Perkins Loan program. After a student borrower leaves or graduates from the University, ECSI is responsible for the collection of those loans. The Student Loan Office maintains the guidelines, promissory notes, and collection of the University (emergency) Loan Fund. You can access your Perkins Loan account at www.heartlandecsi.com. You will need your social security number and PIN. Please contact ECSI at 1-888-549-3274 to obtain your PIN.

For additional information regarding student aid, please review the Federal Student Aid Resources page.

About the Federal Perkins Loan

The Federal Perkins Loan is awarded based on need for students attending at an institution of higher education. The maximum yearly award amount is 4,000.00 for undergraduate students and $6,000.00 for graduate/law students. In order to receive Perkins Loan funding after accepting the loan award, borrowers MUST sign a Master Promissory Note (MPN). The MPN is a legally binding promise to use loan funds for educational purposes and to repay the loan within the 10-year repayment period (review the Repayment page for additional information).

The University of Arkansas requires that borrowers sign a Master Promissory Note before the Perkins Loan funding is released to the student account balance. The borrower is only required to sign a MPN once for a 10 year period. If initial funds are not disbursed within 12 months of the MPN being signed, the borrower MUST sign a new MPN before funds can be disbursed to the account. Perkins Loan funds are not directly disbursed to the student. Funds are applied to the borrower's student account balance before remaining funds are disbursed to the student.

Once the Perkins Loan repayment period begins, the borrower will receive a repayment schedule, outlining payment amounts and deadlines. The minimum allowable payment toward the Perkins Loan is $40.00. Any payment amount above $40.00 will not be penalized. A borrower will not be penalized for early repayment. Interest will accrue on the Perkins Loan while in the repayment period. 5% annual interest will accrue on any unpaid principal loan balance. Interest will not accrue on collection costs, late fees or other costs that may be associated with a Perkins Loan.

Important Deadlines
Deadline Spring  2022
Financial Adj for Dropped Classes See New Policy
Financial Adj for Withdrawal See New Policy
Payment Deadline (no payment plan) Jan 24
Financial Aid/Scholarship Disbursement Begins Jan 10
Payment Plan Last Installment Apr 24

Treasurer's Office

Operating Hours

  • Monday-Friday 8:00am-5:00pm
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