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Welcome to the Bursar's Office
Loans and Special Accounts
Location: RH1930
419.530.5789
The Loans and Special Accounts area of the Bursar’s Office
is responsible for collecting current and prior term student
account receivables, Installment Payment Plans, insufficient
funds “NSF” items, department collections, Federal Perkins
Loans and university loan programs.
Delinquent Student Accounts
Student account balances are due on the
advertised payment due date(s) for each term. This
includes student accounts placed on the Installment Payment
Plan (I.P.P.). Registrations that occur after the
payment due date may create an additional balance and are
expected to be paid daily. Failure to pay your student
account balance by the University’s advertised due dates may
result in the University seeking one or more of the
following remedies without notice or demand:
- Deregistration of current and future
classes.
- Withholding of an official
transcript until all financial obligations have been met
with the University.
- Preventing future registrations.
- Assessing late fees on your student
account.
- Restricting eligibility on future
University payment plans.
- Filing an unfavorable report to the
credit bureau agencies.
- Certifying your student account to
the Ohio Attorney General’s Office for collection pursuant
to Ohio laws. The Ohio Attorney General’s Office may
proceed with litigation to collect this debt. They may
attach your wages, bank accounts and may place a lien on
your real estate. In addition, they may attach your Ohio
State tax return. The student is responsible for
additional costs for collection, which may include
attorney fees and legal expenses.
Insufficient Funds-“NSF”
- Check writing privileges may be
suspended for up to one year on student accounts with
“NSF” activity. This will also restrict electronic check
paying privileges online.
- The University assesses a $25 fee on
your student account for “NSF” activity.
- The University may file criminal
charges against the offender.
- Unpaid items will be subject to
collection by The Ohio Attorney General’s Office.
The repayment of an “NSF” item needs
to be made by certified funds-cash, money order or a
cashier’s check from a financial institution.
To prevent any collection activity
from occurring and to discuss your available options, please
contact a Student Loan Specialist in the Loans and Special
Accounts Office by calling (419) 530-5789 or stop into our office
located in 1930 Rocket Hall between the hours of 8:15 am and
7:00 pm Monday through Thursday and 8:15 am until 6:00 pm on
Fridays.
Exit Interview Process
Exit interviews are required for all
borrowers who have a Federal Perkins Loan when one of the
following occurs:
- Graduation
- Transfer to another school
- Drop below six (6) credit hours
The exiting process begins with a
letter from the Loans and Special Accounts area of the Bursar’s
Office. This letter will contain important information on
your options for exiting. You will be given three (3)
options: in-office exit, web exit or an exit by regular
mail. The web exit is made available by contacting our
billing service at
www.ecsi.net. You will need the pin number and our
school code from your exit letter and you will need to
select the borrower tab and click on exit interview to
complete your exit. If you have any questions, or you need
to set up an appointment for an in-office exit, or request
your exit be mailed, please call (419) 530-5789.
A hold will be placed on your official
transcript and future registrations until your exit
interview has been completed.
Repayment
Repayment on Federal Perkins Loans will
begin nine months after you have graduated or dropped below
six credit hours. You will receive notifications from our
billing service, E.C.S.I., Educational Computer Systems,
Inc. during your grace period, notifying you when your
payments of principal and interest will begin.
It is your responsibility to maintain a
current address with E.C.S.I. by calling 888-549-3274.
Payments can be mailed to either E.C.S.I. at 181 Montour Run
Road, Coraopolis, PA 15108-9408 or to the University of
Toledo at 2801 W. Bancroft, MS 331-Loans and Special
Accounts, Toledo, OH
43606. A delay in your payment will result in late fees
being assessed.
If at anytime you think you are
eligible for a deferment, cancellation or postponement due
to unemployment, financial hardship, working in a field that
qualifies for a cancellation or you are attending another
school a minimum of six credit hours, please check the
appropriate box on the back of your monthly statement and
return promptly, or call a Student Loan Specialist at
(419) 530-5789.
Failure to pay your loan on time may
result in the following:
- Withholding your official transcript
- Assessing late fees
- Negative credit bureau reporting
- Certifying your loan to the Ohio
Attorney General’s Office. The Attorney General’s Office
may proceed with litigation to collect this loan. They may
attach your wages, bank accounts and may place a lien on
your real estate. In addition, they may attach your Ohio
State tax return. The student will be responsible for the
additional costs for collection, which may include
attorney fees and legal expenses.
- Assigning your loan to the
Department of Education. This may lead to the garnishment
of your Federal Tax Returns.
Cancellation
To qualify for cancellation benefits,
you must be employed full-time in an eligible field
of employment approved by the Department of Education. The
University reserves the right to deny cancellation requests
that are submitted late and do not have the necessary
supporting documentation to determine eligibility. At the
end of each postponement period, it is the student’s
responsibility to request, complete, and return the
necessary forms to the University or billing service,
E.C.S.I. Failure to return the necessary forms each
year, will result in your loan going into repayment.
CANCELLATION BENEFIT ELIGIBILITY
- Teacher in a designated low-income
area in the “Federal Register”
- Teacher of Special Education
- Teacher of Mathematics, Science,
Foreign Languages and Bilingual Education
- Staff member performing qualified
service under Head Start Act
- Nurse/Medical Technician (must
submit a copy of license)
- Law Enforcement/Corrections Officer
- Service Agency providing services to
high-risk children/families from low-income communities.
- Peace Corps/Action Program Volunteer
- Military (must be hostile)
Consolidation of your Federal loans may
help reduce your monthly expenses and provide a more
efficient way to manage your accounts. For more information
on consolidating your loans, you can visit the following
website:
http://www.loanconsolidation.ed.gov |
My UT (Portal/Web for Students) 
