Repayment - Grace Period

Payments

CBU contracts with ECSI for billing services.  Payments are due monthly and should be made payable to California Baptist University, and sent directly to:
 
 Heartland ECSI
P.O. Box 718
Wexford, PA 15090
 
Please submit the bottom portion of the billing statement with your check payment.  As an alternative payment method, you may also pay online or set up recurring monthly payments.   Visit https://hearland.ecsi.net for more information or contact ECSI at 1-888-549-3274.

Repayment

All students are obligated to repay their Federal Perkins Loan in accordance with the terms of their signed promissory note.  To request a copy of your promissory note, please contact CBU's Title IV Funds Coordinator at 951-343-4406.
 
The Federal Perkins Loan is separate from any other federal/non-federal loans borrowed while attending school.  Per Federal regulations, each Perkins disbursement is reported to a national credit bureau organization as an educational loan from California Baptist University.
 
The principal, interest rate and repayment schedule are determined by the Truth in Lending Statement (provided during exit interview) and the Statement of Funds Borrowed (signed at the time of loan acceptance).  Upon graduating, leaving the university, or dropping below half-time enrollment, students are entitled to a 9-month grace period.  Repayment begins 9-months after leaving school.  Interest begins to accrue after the grace period.
 
Students can prepay all or part of their loan at anytime without penalty.
 
Account information may be accessed at www.heartlandecsi.com.

Grace Period

Your initial grace period begins on the first day of the month nearest to the day you leave school or drop below half-time status.  Your grace period ends 9-months after attendance and 6-months following a deferment (for 1st time borrowers after 7/1/1987).  Interest begins to accrue on that grace-ending date, not the date on which your first payment is due.  To repay your loan without interest charges, you must pay it in its entirety prior to the end of the grace period.