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Perkins Loans

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 for the upcoming semester, you will be contacted by UAS via email, asking you to electronically sign your Master Promissory Note (MPN) and/or approve the current year’s loan amount.

GRADUATES: Your account with UAS can be accessed on uasecho.com. You can update your contact information, make payments, and review your loan history.

Payments should be made out to Whitman College and sent to:

University Accounting Service
PO Box 5865
Carol Stream, IL  60197-5865

Forms, address changes and other correspondence should be sent to:

University Accounting Service
PO Box 918
Brookfield, WI   53008-0918

Fax: 1-866-543-6814

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). If you prefer to contact them by email, please send your message to uasloanservice@tsico.com. You can also visit their user-friendly website. You will need your social security number to log in and locate your loan information.

The prompt payment of your Perkins 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.

If you default on your Perkins loan, the College offers rehabilitation. A borrower may rehabilitate a defaulted Perkins Loan by making nine consecutive on-time monthly payments, as determined by Whitman College, each month for nine consecutive months and requesting rehabilitation. Contact us by mail or e-mail to make this request. Once rehabilitation is complete, you will be returned to regular repayment status, the default status will be removed from your credit report, and any Transcript Holds placed on your account will be lifted. You will also regain the benefits and privileges of the promissory note, including deferment and cancellation.

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