Campus-based Loans:
Click to view the Financing your USC Education video. This presentation covers billing, refund and payment procedures, including the USC Payment Plan and Tuition Prepayment programs. You can also learn about the process of applying for and receiving financial aid.
Beginning July 25th (for Fall 2011), email notices will be sent to students who have been awarded Perkins, HPSL, DSL and Institutional loans. The email will be sent to the students' official USC email address (ends in @usc.edu) from "webmaster@ecsi.net", with instructions on how to accept and e-sign for these loans.
Before you receive your Federal Perkins loan, Health Profession Student Loan, Loan for Disadvantaged Students or any Institutional Loan, you must authorize the University of Southern California to credit the funds to your student account by electronically signing a Master Promissory Note (MPN). The University has partnered with ECSI to help us with this process (ECSI is currently servicing these loans). An email* will be sent to your official USC email address (ends in "@usc.edu") from "webmaster@ecsi.net", with instructions on how to accept and sign for these loans electronically (note: you will need your FAFSA pin to complete the process).
This procedure (E-signature) was also implemented on Institutional Loans starting in Fall of 2010. A new note will be required for each loan disbursement as well as a new authorization when an increase has been authorized by Financial Aid.
Under the Federal Perkins Loan Program, borrowers are no longer required to sign a separate promissory note for each new loan borrowed. This new note is called a Master Promissory Note (MPN) and will be good for all Perkins Loans at USC. You only need to sign it (or e-sign it) once.
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