University-administered loan payments

Billing process

You will receive monthly billing statements from the University's servicer, Educational Computer Systems, Inc. (ECSI), for repayment of any University-administered loans you received while attending the Twin Cities, Morris, and Crookston campuses (The Duluth campus has its own billing service). Those loan programs include: Federal Perkins Loan, Health Professions Student Loan (HPSL), Nursing Student Loan (NSL), Primary Care Loan (PCL), and University Trust Fund Loan (UTFL). (The University does not service FFEL Stafford, William D. Ford Direct, Student Educationl Loan Fund (SELF), or Parent and Graduate PLUS loans.) Deferment forms are printed on the back of each statement.

Online account access

Use your ECSI PIN (not your federal aid PIN number), included with the billing statement, to access your ECSI account online. If you do not have a billing statement, please contact Student Financial Collections to have your PIN mailed to you.

Payment guidelines

Your billing statement, along with a return envelope, will be sent to you early each month. If you have multiple loans in repayment, you will receive one statement for all of your University-administered loans. Payment must be received in person or by mail on the first day of the following month by SFC. Postmarks are not considered proof of timely payment.

If you do not receive a bill, you are still expected to make a payment. Send your check or money order with your name and University student ID or social security number to SFC at the address below. Your canceled check is your receipt.

Early payment:
You may pay without penalty all or any part of the loan principal and accrued interest at anytime before it becomes due.
Automatic payments:
Your monthly payment may be automatically deducted from your checking or savings account via a banking industry system, Automatic Clearing House (ACH). You can sign up for this secured service at the Educational Computer Systems, Inc., (ECSI) Web site; or request an ACH application from SFC; or mail the ACH application provided on the back of your monthly billing statements. You must provide an e-mail address that ECSI can use to send a monthly notice when your e-billing statement is available online.
Payroll deduction:
If you are an employee of the University of Minnesota, you may choose to make your payments by completing and submitting to SFC the Payroll Deduction Authorization.
One-time electronic bank transfer:
You can do a same day, one-time electronic loan payment transfer from your checking or savings account for a $1 fee. Sign into the ECSI Web site to make this transaction. Your payment will then be transferred to the University.
Pay by credit card:
ECSI will also accept credit card payments. A sliding-scale transaction fee, based on your loan amount, is charged for this service. Sign into the ECSI Web site to make these transactions. Your payments will then be transferred to the University.
Pay in person:
Payments can be made in person by check or money order only for the exact amount you want to apply to your loan balance (SFC does not provide change for money amounts) at the SFC office in 20 Fraser Hall, East Bank campus.
Pay by mail:
Mail a check or money order for the exact amount you want to apply to your loan balance. Your payment must arrive in SFC offices before or on the due date. Postmarks on the due date are not valid. Your canceled check or duplicate copy of your money order is your receipt for payments mailed to us. Use the pre-addressed return envelope sent with your billing statement or, if necessary, address an envelope directly to SFC's mailing address, as follows:

When enclosing payment with a billing statement stub, send to:

University of Minnesota, Twin Cities
Student Financial Collections
P. O. Box 194
Minneapolis,MN 55440-0194

When enclosing correspondence or sending a payment without a billing statement, send to:

University of Minnesota, Twin Cities
Student Financial Collections
200 Fraser Hall, 106 Pleasant St. S.E.
Minneapolis,MN 55440-0294

Failure to pay

Please do not hesitate to contact Student Financial Collections if you have concerns or questions about your ability to repay your loans on schedule.