All Brown University Institutional Loans (undergraduate and medical) are repaid to the Brown University Loan Office. The Loan Office is the loan servicer and is responsible for billing, collection and management of loan repayment, and deferment/forbearance processing.
The Loan Office will contact you to provide important information about your repayment terms. It is your responsibility to notify the Loan Office directly if your mailing address and contact information changes.
Interest Rates & Grace Periods
|Loan Type||Interest Rate||Grace Period|
|Brown University Loan||9%||6 months|
|Ellwood, Kaplan, Casperson, or Medical Loans||7% *||6 months|
|Plitt/Anderson or Tarandi Loans||7% *||6 months|
* Interest rate noted for loans borrowed 7/1/2011 or later. Refer to promissory note for loans borrowed prior.
All Institutional Loans are repaid to the Brown University Loan Office in equal monthly installments over a maximum 10 year repayment term.
Online Account Access
Borrowers can manage Federal Perkins Loan repayment online at http://borrower.ecsi.net/
(Brown University School Code: E7)
All payments made through the following online options are processed no later than the following business day (Monday through Friday).
Instant e-Check: This option allows you to 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: This option allows you to schedule a future payment using your checking or savings account. The payment may be scheduled to occur on the 1st, 10th, 15th, or 20th 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.
Convert to Permanent ACH: This option allows you to 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.
Postponing Loan Repayment
If you are having difficulty repaying your loans, take advantage of your options to postpone loan repayment. View details of the options available and the application process in our Deferment/Forbearance section.
Forgiveness and Cancellation
You must repay your loans even if you don’t complete your education, can’t find a job related to your program of study, or are unhappy with the education you paid for with your loan. However, certain circumstances might lead to your loans being forgiven, canceled, or discharged. View details in our Cancellation/Forgiveness section.
Medical Loan Repayment Resources
Medical students often face specific challenges when planning for loan repayment. The Association of American Medical Colleges (AAMC) offers dynamic online repayment tools and resources to help borrowers navigate those challenges.