Perkins Loan Services
Loan Repayment Terms
- Repayment of the Perkins loan begins when the grace period ends.
- Loan payments are due on the first day of each month.
- Monthly payment amount depends on the amount borrowed.
- The repayment period may not exceed 10 years.
- The University of Texas at Austin sends monthly statements to loan
borrowers. Non-receipt of statements is not a valid defense for nonpayment. It is the responsibility of the borrower to pay the bill.
- The monthly statement will have a coupon to return with your payment
and an envelope for mailing your payment.
There are many payment options available:
Perkins AutoPay - Features include:
- Free EFT service
- Never miss a payment
- No more check writing
- Withdrawn from your bank account at the same time each month.
- Payment posted to your loan immediately.
A high assurance UT EID and password is required to access your EFT information
on line. You may set up your own automatic monthly payment using this
link:
https://utdirect.utexas.edu/acct/rec/autopay/.
If your current UT EID does not allow you to see your EFT information,
you will need to upgrade it to a "high assurance" level. Please contact
our office for information on upgrading your UT EID.
You may also contact us for information
on starting this new service. Download both of the forms below, complete
them and mail them into us.
Allow 10 days to receive the forms for processing. An acknowledgment
will be sent to you by email to let you know that the EFT
service has been set up for you.
Cash, Checks or Money Orders
- Cash - accepted at the Cashier windows on campus in Room 8, UT Tower
- Checks and Money Orders - accepted by mail and at the Cashier windows.
- Make checks and money orders payable to the University of Texas-Austin.
- Write the name of the borrower on the check as it is on UT records.
- If you know your UT EID, write that on your check as well.
If your personal check is returned for insufficient funds (NSF), you
will not be able to make your payments with a personal check for 12 months.
Credit Cards
- MasterCard and Discover only
- Made online via the What
I Owe page.
- A UT EID and password are required.
- Mail in your loan coupon for the exact amount of the payment and include
your credit card information.
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