Federal Perkins and Institutional Loan Repayment

The repayment period is 10 years.

Perkins Loan replayment begins 9 months after graduation or after enrollment status drops to less than half-time.

Institutional Loan repayment begins 6 months after graduation or after enrollment status drops to less than half-time.

During the grace period for either loan type, you are not required to make payments, and interest will not accrue on your loan. There are no prepayment penalties on these loans. Some deferment and forbearance options are available; please contact your Perkins loan servicer for additional information.

For more information on repayment, contact the loan servicer or your financial aid office.

Repayment Services Provided by ACS

ACS Education Services is Columbia University's loan servicer for Federal Perkins, Health Professional, Nursing Student Loans, Loan to Disadvantaged Students, and Columbia University Institutional Loans. ACS, Inc. became the University's provider on May 1, 2010, replacing those services previously provided by ECSI.

Remember: Your loan was not been sold.  Columbia University is the owner of your loans, and ACS, Inc. is the service provider.

Please use the links below for services provided by ACS:

Visit the ACS website to obtain forms to:

  • Request Hardship and Forbearance
  • Request Student Loan Deferment
  • Request Loan Cancellation, and Pre-Cancellation
  • Loan Forbearance

For more information, please review our FAQ on AskUs. If you do not find an answer to your question, please use the "Email a Question" tab and select "Loan Repayment and Servicing" from the topic list.