Why wasn’t my Perkins or Health Profession HPSL Loan consolidated when I consolidated all my other loans? 

You may have forgotten to specifically list this loan when you originally consolidated. You still can, just contact the loan servicer and ask them to add this loan to your loan consolidation.  

If you can’t keep the loan current until it’s consolidated, call us at 209.946.2446 to review any loan benefit options or a temporary repayment plan during the process. 

To learn more or get started, click here: https://studentaid.gov/app/launchConsolidation.action  

Can I consolidate my Student Note or University Loan?

Yes, you can consolidate a Federal Perkins Loan or HPSL Loan into a Direct Consolidation Loan. You would need to contact the consolidation company to let them know about your loan with us and to ask them what’s needed from you to get it consolidated. It’s important to keep your loan current with us until the consolidation process is completed. Normally, the process takes 1-2 months to complete.  

To learn more or get started, click here: https://studentaid.gov/app/launchConsolidation.action 

Why wasn’t my Perkins or Health Profession HPSL Loan consolidated when I consolidated all my other loans? 

You may have forgotten to specifically list this loan when you originally consolidated. You still can, just contact the loan servicer and ask them to add this loan to your loan consolidation.  

If you can’t keep the loan current until it’s consolidated, call us at 209.946.2446 to review any loan benefit options or a temporary repayment plan during the process. 

To learn more or get started, click here: https://studentaid.gov/app/launchConsolidation.action  

Can I consolidate my Student Note or University Loan? 

Yes, there are options for consolidating private education loans. When evaluating a private consolidation loan or refinance, ask whether the interest rate is fixed or variable, whether there are any fees, and whether there are prepayment penalties. Generally, you should not consolidate your federal student loans together with your private education loans, since the federal consolidation loans offer better benefits and lower interest rates.  

To learn more, click here: https://www.finaid.org/loans/privateconsolidation.phtml  

PERKINS (OR OTHER) LOAN CONSIDERATIONS:

You should carefully weigh the advantages and disadvantages of including a Perkins Loan in a consolidation loan. While you gain the benefits of a Consolidation Loan Program, you would also lose any benefits associated with the Perkins Loan Program. 

We recommend that you consider the following points prior to deciding:

  • You may qualify for “Loan Cancellation” in part or in full on your Perkins Loans in exchange for performing certain kinds of public service. These cancellation benefits can be lost or changed when a Perkins Loan is included in a Direct Consolidation Loan. For instance, the Consolidation Loan may not have cancellation provisions for VISTA and Peace Corps volunteers, teachers at low-income elementary or secondary schools, or for full-time nurses, medical technicians, and law enforcement/corrections officers for example. 

  • Bear in mind that you will lose any forbearance and deferment options on your Perkins (or other) loan, if consolidated. However, the new consolidated loan may have similar or different benefits. 

  • Perkins Loans have a grace period of 6-9 months. When a Perkins Loan is consolidated, you may lose any remaining grace period remaining. 

  • In most cases, interest does not accrue when a Perkins Loan is in a deferment. A Perkins Loan may be included in the unsubsidized portion of a Direct Consolidation Loan, and borrowers would be responsible for interest that accrues on the unsubsidized portion of a Direct Consolidation Loan during deferment periods. 

  • Perkins Loans sometimes have lower interest rates but have less flexible repayment periods of up to 10 years and the monthly payment is fixed for the life of the loan. 

  • Sometimes borrowers are concerned that they will “lose” the lower interest rate if they include a Perkins Loan in a Consolidation Loan. The interest rate on a Consolidation Loan is normally the weighted average of the interest rates on the prior loans, so there may be no significant difference in the amount of interest you would pay before and after it is consolidated.  

  • Because Consolidation Loans may have repayment periods as long as 30 years, your monthly payment amount on the Perkins Loan portion of your loan may be less than what you were previously paying on the old loan. However, remember that extending the repayment period usually increases the total amount of interest that you will be paying on the loan.  

ADDITIONAL CONSIDERATIONS:

  • You are not required to consolidate your student loans (Stafford, PLUS, Perkins, Health Professions Loans, and older SFA loans). It is completely optional. However, if you exclude a defaulted loan from consolidation, you may have to make satisfactory arrangements to repay the defaulted loan. 

  • You NEVER need to pay a company to help you to consolidate any of your loan(s). You can complete the consolidation process yourself.  

  • Be careful of the many scams - by phone, online, mail, text, message, or email.   

LINKS/RESOURCES:

To view all of your title IV loans and grants (but not your private or HPSL loans), click here:  https://nmlsconsumeraccess.org/ 

For more information to consolidate your federal student loans, click here: https://studentaid.gov/app/launchConsolidation.action 

For more information to consolidate your private education loans, click here: https://www.finaid.org/loans/privateconsolidation.phtml 

For questions or to review options, call the Student Loan Department 209.946.2446.

To make a payment on your loan:

Log in at https://heartland.ecsi.net/ or call 888.549.3274. 

 

Contact Student Loans Department

Phone: 209.946.2446
Fax: 209.946.2653
Email: studentloans@pacific.edu

Location
Finance Center, 1st Floor
3622 Stagg Way
Stockton, CA 9521

Mailing Address
University of the Pacific
Attn: Student Loans
3601 Pacific Ave
Stockton, CA 95211​​​​​​​

Office Hours
Monday through Friday from 8:30 a.m.–5 p.m.
Closed 12 p.m.–1 p.m. for lunch
Closed Thursday from 8:30 a.m.–9:30 a.m.