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Bursar's Office


Perkins & Nursing Loans

The Perkins Loan and the Nursing Loan both require initial loan processing upon receiving the loan, and exit counseling prior to graduation or leaving the university. It is also important to understand the terms and repayment of your loan to avoid defaulting.

Initial Loan Processing

Once the Financial Aid Office has approved your loans, they will notify you of some initial intake steps to be taken with our loan processor, ECSI. Please allow the Bursar's Office and ECSI 72 hours after you receive notification for your loan information to become available. Our school code is: WF.

Complete Your Promissory Note

By completing the initial loan processing online, you will not need to complete a paper promissory note and initial interview process.

For Federal Perkins Loans:

Your FAFSA PIN is required to complete this process. If you do not have a valid PIN, visit the Department of Education's PIN site before you get started on the process detailed below.

  1. Visit www.heartlandecsi.com.
  2. Under "For Students & Borrowers" select the blue "Manage Your Student Loan Account" box.
  3. Click the "eSign a Promissory Note" box, and then choose University of South Carolina from the list of participating institutions.
  4. Once you have read the information, click "Get Started" to begin the electronic signature process.
  5. Provide your social security number, last name and date of birth.
  6. Provide the FAFSA PIN when requested on the student authentication network page.
  7. Make sure that you accept the terms of the agreement.
  8. You must provide complete reference information for yourself, next of kin (a relative) and two additional references. Failure to complete all lines accurately will keep your loan from disbursing to your account.
  9. Read your promissory note completely. Once you have read the promissory note, you must electronically "sign" the note at the bottom of the page by checking the appropriate box and submitting your full legal name.
For Nursing, Health Profession, Dental, Private or other Institutional Loans:

Your ECSI PIN is required for authentication to complete this process.

  1. Log on to ECSI's website
  2. Provide your social security number, last name and date of birth.
  3. Provide the ECSI PIN when requested on the student authentication network page.
  4. Make sure that you accept the terms of the agreement.
  5. You must provide complete reference information for yourself, next of kin (a relative) and two additional references. Failure to complete all lines accurately will keep your loan from disbursing to your account.
  6. Read your promissory note and/or disclosure statements completely. Once you have read the promissory note, you must electronically "sign" the note at the bottom of the page by checking the appropriate box and submitting your full legal name.


Exit Counseling

Once you graduate, withdraw or drop below half-time enrollment, you are required to complete exit counseling to understand your rights and responsibilities and repayment terms of your loan. To complete the online exit counseling, go to www.heartlandecsi.com.

 

Loan Repayment and Defaults

The university remains your loan holder after you graduate, but ECSI will send you bills, process your payments and address your customer service needs. Please be sure to keep both ECSI and the university informed about any changes to your name, address, phone number or email.

Defaulting on a Loan

You must make payments on your loan even if you do not receive a bill or repayment notice. Immediately contact ECSI to discuss repayment plan options and find out if you're eligible for a deferment or forbearance. Skipping or postponing your payments could result in defaulting on your loan.

If you fail to make your payments, the consequences could be serious.

  • Your loan may be turned over to an outside collections agency.
  • You will lose your deferment, cancellation, and forbearance options.
  • You will not be eligible for further federal or institutional financial aid.
  • Your school academic records will be withheld.
  • Your loan will be reported as delinquent to credit bureaus, which will damage your credit score.
  • Your total debt may increase due to late fees, additional interest, collections feeds, court costs, or attorney's fees.
  • Your state individual tax refund may be claimed to help pay off your delinquent loan balance.
  • Your loan could be accelerated so the entirety of the loan is due immediately.

Questions about your loan?

Contact ECSI at 1-888-549-3274 or visit www.heartlandecsi.com.


Placement With a Collection Agency

If your account has been placed with an outside collection agency, you will receive a notification from the collection agency. All future contact about your account should be made directly to that agency.

View a list of collection agencies that may manage your account »