UAS Payment Address
University Accounting Service, LLC
P.O. Box 5866
Carol Stream IL 60197-5866
Phone payments: (800) 999-6227
Once the repayment period begins, you may be eligible for periods of deferment during which interest does not accrue on the loan balance and repayment of principal is not required. Deferment types and descriptions are listed below.
Student deferment — unlimited
Perkins borrowers may defer their loans if they are enrolled at least half time in a degree-granting program at an institution of higher education. Deferment must be requested for each term of enrollment and is the responsibility of the borrower. In some instances, a deferment form may be required each semester. Deferments are granted on a closed-ended basis, which is to say they are granted for a set period of time based on the timeframe verified by the institution you currently attend.
Graduate fellowship deferment — unlimited
Perkins borrowers may defer their loans for enrollment in a graduate fellowship program approved by the U.S. Department of Education or when engaged in a graduate or postgraduate fellowship-support study outside the United States. All of the following borrower and program requirements must be met.
You must provide a statement from an authorized official of the graduate fellowship program certifying:
Unemployment deferment — 36 months
Perkins borrowers are eligible for up to 36 months of deferment if unable to secure full-time employment. The following documentation should be provided:
Economic hardship deferment — 36 months
Perkins borrowers are considered to have an economic hardship if:
For Perkins loans, unlimited deferment is available to Armed Forces reservists and National Guard personnel called to active duty and to regular military personnel assigned to duty stations other than their normal stations because of war, military operation or national emergency.
Rehabilitation training deferment — unlimited
Perkins borrowers who are enrolled in a course of study that is part of a certified rehabilitation training program for disabled individuals are eligible for deferment of principal and interest. Deferment is unlimited. For NDSL/Perkins loans made before July 1, 1993, eligibility began on Oct. 1, 1998. The rehabilitation agency must be licensed, approved or certified by one of the following:
The program must provide the borrower with rehabilitation services under a written plan that:
Financial hardship forbearance
Perkins borrowers may request a financial hardship forbearance if they are experiencing financial difficulty but do not qualify for any other type of deferment. Forbearance only defers principal payments. Interest continues to accrue. All interest is due at the end of the forbearance period and cannot be capitalized (added to the principal balance and charged interest upon the new balance). Forbearance may be requested by phone, in person or in writing by competing our financial arrangement form.