If you received your first Perkins loan on or after 10/1/92 then the minimum amount you would be billed is $120.00  a quarter. Unless you received a previous  Perkins loan prior to 10/1/92,  then your minimum payment would be $90.00 a quarter.

Perkins Loans disbursed between 10/1/81 and 9/30/92 have a minimum payment of at least $90.00 a quarter.

How Much:

If you borrowed $1,500 and were billed at $120/Qtr. you would be in repayment for just over 3 years. At $90/Qtr. repayment would last about 5 years.

If you borrowed $3,000 and were billed at $120/Qtr. you would be in repayment for about 8 years. Instead of the minimum $90/Qtr., the payments would go up to $96.77 and would last 10 years.

As your loan increases, so does the loan payment and the length of the repayment period. The amount of interest paid also increases dramatically.

Billing Servicer

Rutgers University has over 78,000 loans in its Perkins Loan portfolio and has contracted with EFG Technologies to send billing statements and to process loan payments. Customer service for the loans is provided by the Office of Student Loans & Collections.

When you make a payment by check, money order, or some other method, please include your nine (9) digit student number on the check, or money order, and make it payable to Rutgers University. You may also make Automatic Direct Draft payments directly from your checking account.

The address for payments is:

EFG Technologies
P.O. Box 1810
Winston-Salem, NC 27102-1810

PRIVILEGES Deferment  Cancellation

CONSOLIDATION Direct Loan Sallie Mae