Financial Services - Cashiers and Student Accounts Office
How to Avoid Past Due Status
Call Us!!!!!!
We can often suggest a painless solution to avoid damaging your credit rating. Call Antoinette Harris at 336-334-4724 or 1-877-877-1983, Heather Wolford at 336-334-4010, or you may call UAS at 1-800-999-6227 to discuss your options before your student loan becomes past due and damage your credit. This loan has several types of deferments that may be used if you are un/underemployed or if you are having financial difficulties. We can only assist you if you contact us.
The United States Department of Education, which governs this student loan, assist our office in collection of delinquent and defaulted Perkins Loans. We are obligated to notify our past due borrowers of the following penalties:
- Delinquent or defaulted student loans will result in a poor credit rating
for the borrower. - A poor credit rating will prevent you from purchasing a car, obtaining a mortgage on a house, or acquiring a loan for business.
- Even if defaulted loan information is removed from your credit record,
the loan must be repaid. - Defaulting on you loan can lead to lawsuits, and/or garnishment of wages.
- Defaulted borrowers are ineligible for additional financial aid or loan deferments.
- Penalties for defaulting on a student loan can follow you into old age, resulting in your ineligibility to receive Medicare and Medicaid reimbursements.
We want to help our borrowers avoid a poor credit
rating and the resulting economic hardships. Please call the Student Loan
Collection
Office immediately
to discuss a feasible repayment plan.