Mount 51²Ö¿â Loans
Student Financial Services awards Mount 51²Ö¿â Loans to U.S. and DACA/undocumented students as part of the financial aid process. The maximum amount that a student can receive in any year is listed in their aid package.
You may be offered a Mount 51²Ö¿â Loan as part of your need-based financial aid package. The loans are administered by Mount 51²Ö¿â through .
Requirements for disbursement of Mount 51²Ö¿â Loans
- Review the sample application disclosure notice.
- Sign the.
- Have, or obtain, a valid Social Security number issued by the United States Social Security Administration.
Student Financial Services grants Mount 51²Ö¿â Loans to students as part of the financial aid process. The applicable interest rate for the Mount 51²Ö¿â Loan is 8.0% fixed, which accrues when repayment begins. There is a six-month grace period between graduation and repayment. During any period of reenrollment, a deferment is available. Other deferment options can be discussed with ECSI. Standard repayment of principal and interest shall be made over a period of ten years.
You will need to sign a promissory note for each academic year that a loan is included in your financial aid package. You will need to include your Social Security number and birthdate in order to sign the promissory note online.
You will be contacted via email when the promissory note is ready for completion. If you will be studying abroad, you should complete document requirements before leaving the United States.
Who to contact with questions
General loan questions can be submitted via email to Student Financial Services. Mount 51²Ö¿â Loan borrowers who have routine billing questions should contact at 888-549-3274. A loan borrower can also download forms, make payments and check an account online through .