UAS Payment Address
University Accounting Service, LLC
P.O. Box 5879
Carol Stream IL 60197
Phone payments: (844) 870-8701
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Perkins Rehabilitation Information
A defaulted loan may be rehabilitated if the borrower: (a) makes an on-time monthly payment, as determined by the institution, each month for nine consecutive months and (b) requests to rehabilitate the loan. If one monthly payment is missed, the rehabilitation process terminates and the loan goes back to the status as before the loan rehabilitation agreement. A borrower may apply for rehabilitation as many times as it takes to complete a successful rehabilitation, however, a defaulted loan may only be successfully rehabilitated once!
Benefits of loan rehabilitationÌý
- Loan is returned to regular repayment status.
- Borrower regains the balance of benefits and privileges of the original promissory note, including eligibility for deferments, forbearance, cancellations and flexible repayment options.
- Removal of default from the borrower's credit history.
- Borrower re-establishes Title IV student financial assistance eligibility.
How to apply:
- A loan rehabilitation agreement must be completed and signed by the borrower. The agreement must be sent for approval to Marquette's Office of Student Loan Accounts and Collections.
- A representative from Marquette's Student Loan Accounts and Collections office will contact you with repayment terms.
- Download rehabilitation form