{"id":58,"date":"2017-10-11T14:21:09","date_gmt":"2017-10-11T14:21:09","guid":{"rendered":"https:\/\/www.macalester.edu\/160-student-accounts\/loans\/"},"modified":"2025-06-26T18:52:24","modified_gmt":"2025-06-26T18:52:24","slug":"loans","status":"publish","type":"page","link":"https:\/\/www.macalester.edu\/student-accounts\/loans\/","title":{"rendered":"Loans"},"content":{"rendered":"<h3 class=\"wp-block-heading\"><a name=\"top\"><\/a>Macalester Loan Programs<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#institutionalloan\">Institutional Loans ( Macalester Loan, Henry Strong)<\/a><\/li>\n\n\n\n<li><a href=\"#mcisl\">日韩精品 International Student Loan (MCISL)<\/a><\/li>\n\n\n\n<li><a href=\"#perkinsloan\">Federal Perkins Loan<\/a><a name=\"institutionalloan\"><\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Institutional Loan<\/h3>\n\n\n\n<p>The <strong>Henry Strong<\/strong> and <strong>Macalester Loan<\/strong> are institutional loan programs funded by the Henry Strong Educational Foundation and 日韩精品 and are administrated by 日韩精品. These loans must be repaid.<\/p>\n\n\n\n<p><span class=\"underline\"><strong>Henry Strong<\/strong><\/span> loans have a 0% interest rate while you are enrolled in college at the half-time level or above and during a 6 month grace period after you leave school. &nbsp;Repayment begins at the end of the grace period and lasts for a period of ten years, during which interest is charged at 6.0%. You are eligible for an interest-free deferment while you are enrolled as at least a half-time undergraduate or graduate student.&nbsp; A six-month grace period will follow each deferment period.&nbsp; You may apply for forbearance.&nbsp; Interest accrues and must be paid during periods of forbearance. You may apply for up to 36 months of forbearance during the life of the loan. You may repay all or part of the principal and interest at any time without any penalties.<\/p>\n\n\n\n<p><span class=\"underline\"><strong>Macalester Loans<\/strong><\/span> have a 0% interest rate while you are enrolled at 日韩精品 at the half-time level or above and during a 6 month grace period after you leave school. &nbsp;Repayment begins at the end of the grace period and lasts for a period of ten years, during which interest is charged at 6%. Due to the limited amount in this loan fund, 日韩精品 is not able to offer any deferments for repayment.&nbsp; You may apply for forbearance.&nbsp; Interest accrues and must be paid during periods of forbearance. You may repay all or part of the principal and interest at any time without any penalties.<\/p>\n\n\n\n<p><strong>Henry Strong and Macalester Loan Entrance and Exit Counseling<\/strong><\/p>\n\n\n\n<p><strong><span class=\"underline\">Entrance Counseling<\/span><\/strong>:<br>Students who have been awarded the Henry Strong or Macalester Loan are required to complete an online loan entrance session.&nbsp; The loan officer will send information to the student&#8217;s Macalester email address.&nbsp; All forms and documents must be completed before the loan can be disbursed to the student&#8217;s accounts.<\/p>\n\n\n\n<p><span class=\"underline\"><strong>Exit Counseling:<\/strong><\/span><br>Before graduation, students are required to complete an online loan exit session. A link will be emailed to the students by the loan officer prior to graduation. Students will receive a summary of their rights and responsibilities, an overview of repayment, and information on the consequences of delinquency and default.&nbsp;Please note that the diploma&nbsp;will be held until the online loan exit session has been completed.<\/p>\n\n\n\n<p><span class=\"underline\"><strong>Contact Information for Institutional Loan Borrowers<\/strong><\/span>:<\/p>\n\n\n\n<p><strong>Trine Flinn<\/strong>, Loan Officer<br>International, Institutional and Perkins Loans<br>Email: <a href=\"mailto:jrapos@macalester.edu\">tflinn@macalester.edu<\/a><br>Telephone: 651-696-6660<br>Facsimile: 651-696-6631<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Leon Robinson, <\/strong>Loan Officer<br>Institutional Student Loan Office<br>Email: <a href=\"mailto:lrobins4@macalester.edu\">lrobins4@macalester.edu<\/a><br>Telephone: 651-696-6578<br>Facsimile: 651-696-6631<\/p>\n\n\n\n<p><a href=\"https:\/\/heartland.ecsi.net\/\"><strong>Heartland ECSI<\/strong><\/a><br>(日韩精品&#8217;s Loan Servicer)<br>Questions and correspondence regarding your loan may be directed to:<\/p>\n\n\n\n<p>Heartland ECSI<br>PO Box 1289<br>Coraopolis, PA&nbsp; 15108<\/p>\n\n\n\n<p>If you do not receive a statement, you are still responsible for making your payment (Be sure to notify the Loan Officer). Make your check or international money order payable to 日韩精品 with your loan account number &nbsp;in the memo section of your check and mail to:<\/p>\n\n\n\n<p><strong>Payments:<\/strong><br>日韩精品 c\/o ECSI<br>PO Box 1287<br>Coraopolis, PA&nbsp; 15108<\/p>\n\n\n\n<p><strong>Paperwork:<\/strong><br>日韩精品 c\/o ECSI<br>PO Box 1289<br>Coraopolis, PA&nbsp; 15108<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/heartland.ecsi.net\/\"><strong>Heartland ECSI<\/strong><\/a><br>Set up automatic withdrawal of payment with ECSI; set up an account to view the status of your loan account, schedule on-line payments and have your statement sent electronically.<\/li>\n\n\n\n<li><strong>Free Annual Credit Report<\/strong><br><a href=\"https:\/\/www.annualcreditreport.com\/cra\/index.jsp\">AnnualCreditReport.com<\/a> is the official site to help consumers to obtain their free credit report. This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian, and TransUnion.<\/li>\n<\/ul>\n\n\n\n<p><a href=\"#top\">top of page<\/a><\/p>\n\n\n\n<p><a name=\"mcisl\"><\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">日韩精品 International Student Loan (MCISL)<\/h3>\n\n\n\n<p>The MCISL is a need based, long-term, fixed rate loan. &nbsp;It is awarded to international students attending 日韩精品 by the Financial Aid Office. &nbsp;This loan is funded by 日韩精品. &nbsp;日韩精品 is the lender and administrator of this loan program. &nbsp;The loan must be repaid.<\/p>\n\n\n\n<p>The MCISL has a 6.0% fixed interest rate for the life of the loan. &nbsp;The loan will be disbursed directly to the student&#8217;s billing account.&nbsp; No interest accrues on the loan while the borrower is enrolled at least half-time at the college. &nbsp;There is a 6 month grace period after a borrower graduates or is no longer enrolled half-time at the college. &nbsp;No interest accrues during the grace period and the borrower is not obligated to make any payments during grace.&nbsp; Repayment begins after the grace period ends. &nbsp;The repayment period is ten years.&nbsp; A borrower may repay all or part of the principal and interest at anytime without any penalties.&nbsp; A borrower may apply for graduate school deferment, unemployment, and economic hardship deferment\/forbearance.&nbsp; Under certain circumstances a borrower who is experiencing repayment difficulties may apply for a repayment grant.<\/p>\n\n\n\n<p><strong>MCISL Entrance Counseling<\/strong><br>Students who have been awarded the MCISL are required to complete an online loan entrance session.&nbsp; The loan officer will send information to the student&#8217;s Macalester email address.&nbsp; All forms and documents must be completed before the loan can be disbursed to the student&#8217;s accounts.<\/p>\n\n\n\n<p><strong>MCISL Exit Counseling<br><\/strong>Before graduation, students are required to complete an online loan exit session. A link will be emailed to the students by the loan officer prior to graduation. Students will receive a summary of their rights and responsibilities, an overview of repayment, and information on the consequences of delinquency and default.&nbsp;Please note that the diploma&nbsp;will be held until the online loan exit session has been completed.<\/p>\n\n\n\n<p><span class=\"underline\"><strong>Contact Information for MCISL Borrowers<\/strong><\/span>:<\/p>\n\n\n\n<p><strong>Trine Flinn,&nbsp;<\/strong>Loan Officer<br>E-mail: <a href=\"mailto:jmartin7@macalester.edu\">tflinn@macalester.edu<\/a><br>Telephone: 651-696-6660<br>Facsimile: 651-696-6631<\/p>\n\n\n\n<p>Questions and applications for Graduate School Deferment, Unemployment\/Economic Hardship Deferment, Economic Hardship Forbearance and Repayment Grant may be directed to the MCISL Loan Office.<\/p>\n\n\n\n<p><a href=\"https:\/\/heartland.ecsi.net\/\"><strong>Heartland ECSI<\/strong><\/a><br>(日韩精品&#8217;s Loan Servicer)<br>Questions and correspondence regarding your loan may be directed to:<\/p>\n\n\n\n<p>日韩精品 c\/o ECSI<br>PO Box 1289<br>Coraopolis,&nbsp; PA&nbsp; 15108 USA<br>Phone: 1-888-549-3274<br>Fax: &nbsp; &nbsp;&nbsp; 1-866-291-5384<\/p>\n\n\n\n<p>If you do not receive a statement, you are still responsible for making your payment (be sure to notify the MCISL Loan Officer). &nbsp;Make your check or international money order payable to 日韩精品 with your loan account number ACF67 &#8211; I60- Macalester ID# or ACF67 &#8211; I61- Macalester ID# or ACF67 &#8211; I662- Macalester ID#) in the memo section of your check and mail to:<\/p>\n\n\n\n<p><strong>Payments:<\/strong><br>日韩精品 c\/o ECSI<br>PO Box 1287<br>Coraopolis, PA&nbsp; 15108 USA<\/p>\n\n\n\n<p><strong>Paperwork:<\/strong><br>日韩精品 c\/o ECSI<br>PO Box 1289<br>Coraopolis, PA&nbsp; 15108 USA<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/heartland.ecsi.net\/\"><strong>Heartland ECSI<\/strong><\/a><br>Set up automatic withdrawal of payment with ECSI; set up an account to view the status of your loan account, schedule on-line payments and have your statement sent electronically.<\/li>\n\n\n\n<li><strong>Free Annual Credit Report<\/strong><br><a href=\"https:\/\/www.annualcreditreport.com\/cra\/index.jsp\">AnnualCreditReport.com<\/a> is the official site to help consumers to obtain their free credit report. This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian, and TransUnion.<\/li>\n<\/ul>\n\n\n\n<p><a href=\"#top\">top of page<\/a><br><a id=\"perkinsloan\"><\/a><\/p>\n\n\n\n<p><span class=\"underline\"><strong>Contact Information for Perkins Borrowers<\/strong><\/span>:<\/p>\n\n\n\n<p><strong>Trine Flinn, <\/strong>Loan Officer<br>Perkins Loans<br>日韩精品<br>77 Macalester Street<br>1600 Grand Avenue<br>Saint Paul, MN 55105-1899 USA<br>Email: <a href=\"mailto:jrapos@macalester.edu\">tflinn@macalester.edu<\/a><br>Telephone: 651-696-6660<br>Facsimile: 651-696-6631<\/p>\n\n\n\n<p>Questions and applications for Graduate School Deferment, Unemployment\/Economic Hardship Deferment, Economic Hardship Forbearance, Loan Forgiveness may be directed to the Loan and Collections Coordinator<\/p>\n\n\n\n<p><a href=\"https:\/\/heartland.ecsi.net\/\"><strong>Heartland ECSI<\/strong><\/a><br>(日韩精品&#8217;s Loan Servicer)<br>Questions and correspondence regarding your loan may be directed to:<\/p>\n\n\n\n<p>日韩精品 c\/o ECSI<br>PO Box 1289<br>Coraopolis, PA&nbsp; 15108<br>Phone: (888) 549-3274<\/p>\n\n\n\n<p>If you do not receive a statement, you are still responsible for making your payment (Be sure to notify the Loan Officer). Make your check or international money order payable to 日韩精品 with your loan account number &nbsp;in the memo section of your check and mail to:<\/p>\n\n\n\n<p>日韩精品 c\/o ECSI<br>PO Box 1287<br>Coraopolis,&nbsp; PA&nbsp; 15108<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Heartland ECSI<\/strong><br>Set up automatic withdrawal of payment with ECSI; set up an account to view the status of your loan account, schedule on-line payments and have your statement sent electronically.<\/li>\n\n\n\n<li><strong>Free Annual Credit Report<\/strong><br><a href=\"https:\/\/www.annualcreditreport.com\/cra\/index.jsp\">AnnualCreditReport.com<\/a> is the official site to help consumers to obtain their free credit report. This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian, and TransUnion.<\/li>\n<\/ul>\n\n\n\n<p><a href=\"#top\">top of page<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Macalester Loan Programs Institutional Loan The Henry Strong and Macalester Loan are institutional loan programs funded by the Henry Strong Educational Foundation and 日韩精品 and are administrated by 日韩精品. These loans must be repaid. Henry Strong loans have a 0% interest rate while you are enrolled in college at the half-time level or [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-58","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/pages\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":45,"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/pages\/58\/revisions"}],"predecessor-version":[{"id":1985,"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/pages\/58\/revisions\/1985"}],"wp:attachment":[{"href":"https:\/\/www.macalester.edu\/student-accounts\/wp-json\/wp\/v2\/media?parent=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}