Loan Payments
After completing your doctoral program or withdrawing from the program you will have a one-year grace period before going into repayment. The grace period starts the day your degree is confirmed. Withdrawing from the program, failing to submit your required Enrollment Verification Form, or falling below full-time status can also place you into billing. Once the grace period ends, you will be put into billing through Heartland ECSI.
15-Year Payback Plan Schedule
Download the
15-Year Payback Plan Schedule (.pdf) for your records. This is a typical payback plan for your reference. The faster you repay your loan, the less interest you will pay. The numbers may vary depending on individual account activity. Based on this plan, a minimum monthly payment of $237.24 is required to repay a $30,000 loan at 5% APR in 15 years.
Balance
| 30,000.00
| 28,621.82
| 27,173.13
| 25,650.33
| 24,049.61
| 22,367.00
| 20,598.30
| 18,739.11
|
Interest
| 1,468.70
| 1,398.19
| 1,324.07
| 1,246.16
| 1,164.27
| 1,078.18
| 987.69
| 892.57
|
Balance
Paid
| 1,378.18
| 1,448.69
| 1,522.81
| 1,600.72
| 1,682.61
| 1,768.70
| 1,859.19
| 1,954.31
|
One Year Payment
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
|
Monthly Payment
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
|
Balance
| 16,784.80
| 14,730.51
| 12,571.12
| 10,301.24
| 7,915.24
| 5,407.16
| 2,770.77
| -0.511
|
Interest
| 792.59
| 687.49
| 577.01
| 460.87
| 338.80
| 210.48
| 75.60
| - 0.026
|
Balance
Paid
| 2,054.29
| 2,159.39
| 2,269.87
| 2,386.01
| 2,508.08
| 2,636.40
| 2,771.28
| 0
|
One Year Payment
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 2,846.88
| 0
|
Monthly Payment
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 237.24
| 0
|
It is important for fellows to keep the CDIP office updated with their contact information to prevent any delays or missed payments. Billing begins after the one-year grace period, except for Fellows who secure an instructional faculty position in the CSU and notify the program.
Loans are repaid to Heartland ECSI
There are multiple ways to make payments including:
- Online:
https://heartland.ecsi.net/
- Mail payments to:
CSU Chancellor's Office c/o ECSI,
PO Box 718,
Wexford, PA 15090-0718 - Pay by phone at: (888) 549-3274