What Are Qualified Expenses For A 529 Plan (And What Doesnt Count)? Variable APR: A $10,000 loan with a 15-year term (180 monthly payments of $157.12) and an 11.69% APR would result in a total estimated payment amount of $21,290.40. Terms and conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. What types of student loans does Heartland ECSI service? Heartland ECSI keeps track of the necessary tax documentation that youll require come tax season. Below are forms useful to borrowers. Due to this announcement, ECSI is experiencing higher than usual wait times. The results of this calculator are only intended as an illustration and are not guaranteed to be accurate. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. We thoroughly fact-check and review all content for accuracy. ECSI also services a few other types of student loans, like private student loans, health professions loans and institutional loans issued by a university or school. If you have federal student loans, you may have one of these loan servicers assigned to your account: If you dont know who your private loan servicer is, you can find out by looking at your credit report. What most people dont realize is these loans are actually non-direct federal loans. Not all applicants will qualify for the lowest rate. It also works with private loan providers to offer collection management services. For the $1,000 Welcome Bonus offer, $500 will be paid directly by Student Loan Planner via Giftly. Click Continue. Next, you will need to enter your personal information, such as your name, date of birth and address. Please help!! Interest can continue to build on your balance during deferment or forbearance periods. There are lots of companies out there who are willing and able to offer excellent service to their customers. This offer is not valid for current Laurel Road clients who refinance their existing Laurel Road loans, clients who have previously received a bonus, or with any other bonus offers received from Laurel Road via this or any other channel. Borrowers with Perkins loans who work in a qualifying public service job for five years can have up to 100% of their student loans forgiven. Visit https://www.earnest. If Heartland ECSI is assigned as your loan servicer, you can create an online account to monitor your repayment process more easily. Its most important to know your student loan repayment options so you can know the right questions to ask. Another service that Heartland ECSI offers is payment plans for borrowers with past due accounts. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900),NMLS Consumer Access (https://www.nmlsconsumeraccess.org/). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. MORE: How to get forgiveness for your Perkins loans. The ECSI website offers the following contact information for student borrowers: Here are our top student loan refinance picks for 2019. For example, your loan servicer will help determine whether youre eligible for the U.S. Department of Educations income-driven repayment programs and help you to enroll. When youre ready make contact, here's how: You can also reach out to a student loan assistance nonprofit like. StudentDebtRelief.us is a private company not affiliated with the Department of Education of the Federal Government. More than 1.3 million people still had outstanding Perkins loan debt as of September 2022, according to the Department of Education. This ECSI student loan review can help you better understand what ECSI will do for you - and what types of services it will provide. Health and Nursing loans and Primary Care loans), and private loans. $200 for 50k to $99,999. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner. Student loans serviced by ECSI are not included in the targeted student debt cancellation. If a complaint doesnt help, you can contact the Federal Student Aid Ombudsman Group. But if youve graduated with a medical degree and you have good credit, youll likely be able to refinance your private loans at a better rate. American Education Services manages only FFEL Program debt. They used to service loans of mine. Each institution that ECSI services is assigned a unique school code. All of these types of loans are set at exactly 5%. ECSI makes paying back your loan as simple as possible. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Additionally, many healthcare professionals, including veterinarians, have HPSL loans serviced by Heartland ECSI. This offer is not valid for current Earnest clients who refinance their existing Earnest loans, clients who have previously received a bonus, or with any other bonus offers received from Earnest via this or any other channel. This may impact how and where offers appear on the site (such as the order). Great question. Servicers are there to help you, but they may offer choices that are best for the company, not the borrower. ECSI student loans is a catch-all term for federal, private and other types of education debt that's managed by loan servicing company Heartland ECSI. Learn how the Coronavirus (COVID-19) has impacted student loan borrowers. They do not follow through on requests and agreements. Heres an article to learn more about that. Heartland ECSI is one of the oldest third-party student loan servicers in the country. Take our 11 question quiz to get a personalized recommendation for 2023 of whether you should pursue PSLF, Biden's New IDR plan, or refinancing (including the one lender we think could give you the best rate). Student Loan Forgiveness Calculator (w/ New SAVE Plan). Your variable interest rate (index + margin applicable discounts) will not exceed 18%. Any investing information provided on this page is for educational purposes only. This site does not negotiate, adjust or settle debts. When you took out the Perkins loan you had to make a heartland ecsi account to sign the promissory note. Commonbond: If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. I just signed on to ECSIs website and cannot believe that for such a large servicer, it offers some of the poorest options and website functionality of any servicer I have used. Only available to undergraduates. Student Loan Planner will confirm loan eligibility and, upon confirmation of a qualifying refinance, will send via email a $500 e-gift card within 14 business days following the last day of the month in which the qualifying loan was confirmed eligible by Student Loan Planner. Previously, she reported on billionaires, investing and fintech for Forbes in New York, and she also covered private markets for PitchBook in Seattle. Process deferment and forbearance requests. Most servicing bids are put in with the idea that the low cost (not the high service) will win, so that kind of thing is what you see as a result. For California residents (Student Loan Refinance Only): Loans will be arranged or made pursuant to a California Financing Law License. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Consolidating your Federal Loans with Heartland ECSI. Splash: If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. Click Connect. Your loan accounts should now be connected. The Splash Student Loan Refinance Program is not offered or endorsed by any college or university. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. Terms and conditions apply. These are huge expenses as you can imagine! If you did receive such a letter, be sure to set up your ECSI profile and cancel any automatic payments with your previous servicer. If you have federal loans serviced by Heartland ECSI, one option is to consolidate your federal loans to a Direct Consolidation Loan. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. If you are notified of a servicing transfer, you should do the following: Download and save your payment history from your online account or request a copy from your original servicer. Box 718 Wexford, PA 15090 Deferments A deferment allows you to defer your loan payments for a specified period of time. Our partners compensate us. How do I get help with ECSI student loans? The first step in determining what to do with your Heartland ECSI-serviced student loans is figuring out what kind of loans you have. Sales Email: [email protected] Client Support: Additional terms and conditions apply. This might happen if a servicers contract expires and is not renewed, for example. One American Bank and Earnest LLC and its subsidiaries are not sponsored by or agencies of the United States of America. The University of California has engaged the services of Heartland ECSI, Inc. (ECSI) to replace Conduent [formerly ACS Education Services (ACS)] as the servicer for all of the University's campus-based student loans effective August 2017. For Earnest, if you refinance $100,000 or more through this site, $500 of the $1,000 cash bonus is provided directly by Student Loan Planner. 3-Month CME Term SOFR is administered by CME Group and is published by CME Group on its website (cmegroup.com/termsofr). The rate will not increase more than once per month. To do this, many or all of the products featured here may be from our partners. Variable rates from 5.99% APR to 9.99% APR with a 0.25% autopay discount. A firefighter for a Federal, State, or local fire department or fire district. Loan or savings calculators are offered for your own use and the results are based on the information you provide. If so, you could have some questions about how ECSI works, and what it can offer you. Credible:If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. MORE: Federal student loan servicers: Who are they and what do they do? The maximum rate for your loan is 8.95% if your loan term is 10 years or less. Update your contact information with your most recent address, phone number and email address. Pre-qualified offers are not binding. For the $1,275 bonus associated with refinancing at least $150,000, $500 of the bonus is provided by Student Loan Planner via Giftly, which can be redeemed as a deposit to your bank account or PayPal account. This might happen if a servicers contract expires and is not renewed, for example. Date 8/31/2021 New applicants are eligible for only one bonus. If you want to leave ECSI its pretty easy because all you need to do is refinance: https://www.studentloanplanner.com/refinance-student-loans/. Fixed rates range from 5.21% APR to 9.24% APR (excludes 0.25% Auto Pay discount). Customers who are approved for and close a loan will receive the $300-$500 bonus through Splash Financial. Heartland Educational Computer Systems, Inc., or Heartland ECSI, is a student loan servicer. Terms and Conditions Apply. Your actual rates and repayment terms may vary. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. However, this does not influence our evaluations. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. California peeps (or people who have student loans from California universities), you can help take down this company. This is nothing more than extortion. Offers from Laurel Road cannot be combined. Customers who are approved for and close a loan will receive the $300-$775 bonus through a reduction in the principal balance of their Education Loan Finance loan when your loan has been disbursed. Additional terms and conditions apply. ECSI has maintained a government contract to service Perkins loans since 2013. LendKey: Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. So, if you have private loans or loans provided directly by your college, theres a reasonably good chance you may be working through ECSI. Additionally, it has been my experience with my own Perkins loans that they are not always reported to the credit bureaus. Borrowers must complete theRefinance Bonus Request formto claim a bonus offer. With NO OTHER company, whether student loan servicer, or utility or phone company, do I have to pay a servicing fee for a single payment. Register for online access to your account. Visit Heartland ECSI's website for more information at heartland.ecsi.net or phone toll . The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. This compensation may impact how and where products appear on this site (including for example, the order in which they appear or whether a student loan provider or loan consolidation company is featured on the site). The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution. If your college works with ECSI, your financial information page on the college website might direct you to create an ECSI account. Keep up with your favorite financial topics on NerdWallet. Neither Splash Financial nor the lending partner are affiliated with or endorse any college or university listed on this website. To get out of having Heartland ECSI as your loan servicer and to pay off your loans faster, it might be wise to refinance your loans with a new lender. If you have attended multiple schools, you will have multiple accounts with ECSI. ECSI Additional terms and conditions apply. We also get your email address to automatically create an account for you in our website. This helps you stay in good standing to avoid default. Heartland ECSI provides all of the following services for student loan lenders and borrowers. You can also live chat with a customer service representative. Mainly, LDS and HPSL loans are considered non-direct student loans.