Federal Perkins Loans and Brown University Institutional Loans offer only one type of repayment plan. The loans are repaid to Brown University Student Financial Services (servicer) in equal monthly installments over a maximum 10 year repayment term. 

Note: Federal Perkins Loan borrowers who wish to use an income based repayment plan are encouraged to apply for a Direct Consolidation Loan to combine their Perkins and Direct Subsidized or Unsubsidized Loans into one new loan. 

Paper Statements and Loan Notification Letters

Paper statements (generated mid-month) and loan notification letters are mailed to the address we have on file.

Our office will send you information about your Perkins or Institutional Loans by mail and/or email. It is your responsibility to notify Student Financial Services directly any time your contact information changes (address, phone, or email). You may update your contact information through your online account or by contacting our team. The Update My Information page of your online loan account allows you to update your demographic information including address, telephone number and email address. Select Account Tools, then Personal Information Update.

It can take up to one business day for a demographic change to be registered in the system. 

Online Billing Statement

Easily manage your loans with eBill & automatic ACH payments! Enroll through your online loan account at ECSI. The monthly statement email will contain a link to your electronic bill, it will not contain any information specific to you or your financial information.

Important Note: If you use a Spam Filter, please make sure to set your filter to allow mail from webmaster@ecsi.net and ebill@ecsi.net to get through your filter.

Due Date

Payments are due on the 1^st of every month. If you are paying by ACH, you have the option to schedule your deduction on the 1^st, 10^th, 15^th or 20^th of the month.

Important Note: Recurring payments scheduled for the 15th or 20th will be considered a late payment, unless the payment that was due on the 1st of that same month has already paid.

Payment Methods

Your online loan account offers you the ability to make online payments in several different methods: (Note: All payments made through the following online options are processed no later than the following business day Monday through Friday.)

• Instant e-Check: Make an online payment the same day using your checking or savings account. There is a fee of $1.95 associated with this payment method. If you wish to schedule a payment for a future date, or avoid the processing fee, please select one of the other payment options.

• Direct Payment: Schedule a future payment using your checking or savings account. The payment may be scheduled to occur on the 1^st, 10^th, 15^th, or 20^th of the month. You may use this option to make a one-time payment or to schedule monthly recurring payments. If you are repaying more than one loan, this option allows you to designate a specific payment amount to each loan.

• Permanent ACH: Schedule monthly recurring payments that will remain in effect until your loan is paid in full. Paper billing statements will no longer be sent once you convert to permanent ACH.

• Credit Card: This option allows you to pay by MasterCard, Discover, or American Express. There is a convenience fee associated with this payment method. The amount of the fee will be disclosed to you prior to completing your payment transaction.

• International Wire Transfer Through Flywire: Heartland ECSI has partnered with Flywire to offer favorable foreign exchange rates, the ability to pay in your home currency (in most cases) and savings compared to traditional banks. In addition, you will be able to track your payment via Flywire's dashboard and receive notification when your payment is received by Brown University.

If you prefer to mail a check, please send it to Brown University, Cashier Office, Box 1911, Providence, RI 02912. All checks must be made payable to Brown University and must include your Loan ID/Account Number in the memo section.

Deferment or Forbearance

On the Direct Payment Page under Temporary Recurring Payments, you will need to check the box that states “Check this box if you want your monthly payments to continue during periods of grace, deferment or forbearance”. If not checked, payment will cease during this period. It is recommended that borrowers continue paying the monthly interest during a forbearance period. If monthly interest is not paid during the forbearance period, all unpaid interest will be due, along with the first full monthly payment, at the end of the forbearance period.

ECSI will issue 1098E forms to borrowers in January who have paid $600.00 or more in interest during the previous year. Notification of interest paid is also available in the January and February billing statements.