Student Accounts: Perkins and Nursing Loans Collection Information
 The
Perkins and Nursing Loan funds are revolving funds affording current
and future students with the same opportunity to borrow funds for
educational expenses. The Perkins/Nursing Loans are federal loans
and Fitchburg State College is the lending institution. FSC works
with the billing service University
Accounting Service, Inc.
(UAS) 1-800-999-6227. All statements regarding your loan will
come from UAS. Please direct questions regarding your loan to UAS.
When a student leaves FSC, either by graduating, transferring,
withdrawing, dropping to half time student status or are expelled,
they must satisfy their obligation of repaying these loans. At the
time of separation, an exit interview is required either in person
or by mail. At that time the rights and responsibilities are reviewed.
The borrower receives a statement of his or her rights and responsibilities
regarding the loan, a copy of the promissory note, a final truth-in-lending
statement, repayment schedule, an exit questionnaire and checklist.
These four forms must be completed, signed and dated and returned
to FSC. The borrower should retain a copy of each for their record.
Please make Loan payments payable to Fitchburg State
College and mail to:
University Accounting Service
P.O. Box 5291
Carol Stream, IL 60197-5291
Payments are due on the first of each month. There
is a nine-month grace period following separation from FSC before
the first payment is due.
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