A Federal Perkins loan is a low interest (currently 5%) loan for students with exceptional financial need. The U.S. Department of Education provides half of the funding, as does Whitman College. Since this program is partially funded by the college, thereby making Whitman the lender, the Business Office oversees the implementation of the program, in conjunction with the Financial Aid Office.
Whitman has a contract with University Accounting Services (UAS) of Brookfield, Wisconsin, to provide billing services for our students with regard to their Perkins loans.
CURRENT STUDENTS: After you have accepted your Perkins loan, you will be contacted by UAS via email in late August, asking you to electronically sign your Master Promissory Note (MPN) and/or approve the current year’s loan amount.
GRADUATES: Payments can be mailed to:
P.O. Box 5291
Carol Stream, IL 60197-5291
Forms, address changes and other correspondence should be sent to a different address:
P.O. Box 932
Brookfield, WI 53008-0932
You may call UAS toll free at 1-800-999-6227 (menu option 4, then 0; ask for a Whitman College representative) or directly at 262-780-7578 (Central time zone). You can also visit their user-friendly website. Your account number is 825-97 followed by your social security number.
The prompt payment on your loan enables us to turn right around and loan that money to qualifying current students. It is important for your credit rating that you remain in good standing with your student loans. If you are having trouble making payments on your Perkins loan, please call UAS to receive counsel with regard to your eligibility for deferment, forbearance, or loan consolidation.