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Frequently Asked Questions
Even though you received your loan from New Jersey City University our billing service, Campus Partners, will be mailing your monthly statements or a coupon book whichever you prefer.
Send your Perkins Loan payments to:
Campus Partners
P.O. Box 2901 Winston-Salem, NC 27102-2902
Please visit Perkins Loans A-Z for details and the appropriate forms to fill out and submit.
To update your new information, please contact Shelli Clarritt, Perkins Loan Coordinator at (201)200-2042 or email at sclarritt@njcu.edu.
A defaulted loan is the failure of a borrower to make an installment payment when due or to comply with other terms of the promissory note of written repayment agreement. Defaulting on a loan may result in your account being reported to a credit bureau organization, sent to a collection agency, ineligibility for further financial aid, offset of the debt against State Income Tax Refund, and your account being turned over to the Federal government for collection.
5) Can I Make a Payment in Advance?
Excess payments made on your loan apply to the accrued interest and principal of your loan unless you designate it as an advance payment of your next installment.
6) When does my loan enter repayment?
You will receive a nine month grace period and payments will begin 9 months after you graduate or cease to be enrolled at least half time. Payments are due quarterly.
7) What is a grace period?
A "grace period" is the period of time before the borrower must begin repayments. No interest accrues, no payments are due and no billing occurs for the loan. |
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