Federal Perkins Loan Sample Repayment Information
The following information is provided to you in compliance with the regulations governing the Perkins Loan (formally National Direct Student Loan) Payments are set up on a quarterly repayment schedule of $120.00. The maximum repayment period is ten years, depending on the size of your total loan.
ACS Data Corporation 2505 S. Finley Road Suite, 100, Lombard IL 60148-4899 is Temple’s Loan billing agent. Payments, forms, correspondence and address changes should be sent to ACS Data Corporation and Temple University. You must contact the Credit and Collections unit of Temple University’s Bursar’s Office prior to the due date if you are unable to make your scheduled payment
Sample Repayment Information
($120.00 Quarterly Repayment)
Principal $2000.00
Interest 5.0%
(The financial Charge is computed at 5.0% Per Annum on the Unpaid Principal Balance)
Repayment Frequency Quarterly
Terms of Loan # of Months Interest Begins to Accrue DateFirst payment Due Date
First payment Amount $120.00
Last payment Due $95.61
Total Number of payments 19
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Sample Repayment Schedule
Number of Amount Total of Quarterly
Payments Financed Interest Principal Payment
1 1,905.00 25.00 95.00 120.00
2 1,808.81 23.81 96.19 120.00
3 1,711.42 22.61 97.39 120.00
4 1,612.82 21.39 98.61 120.00
5 1,512.98 20.16 99.84 120.00
6 1,411.89 18.91 101.09 120.00
7 1,309.54 17.65 102.35 120.00
8 1,205.91 16.37 103.63 120.00
9 1,100.98 15.07 104.930 120.00
10 994.74 13.76 106.24 120.00
11 887.18 12.43 107.57 120.00
12 778.27 11.09 108.91 120.00
13 667.99 9.73 110.27 120.00
14 556.34 8.35 111.65 120.00
15 443.30 6.95 113.056 120.00
16 328.84 5.54 114.46 120.00
17 212.95 4.11 115.89 120.00
18 95.61 2.66 117.34 120.00
TOTAL 256.81 $2,000.00 $2,256.81
Questions or Problems? Contact the University’s debt Management Counselor for assistance.
Main Campus (215)-204-5549 Health Science Campus (215)-707-2754
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