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Contact Information

Finance Office


Krikac Administration Building 202A

1200 S. Jay St.

Aberdeen, S.D. 57401


Phone: 605-626-2538

Fax: 605-626-3022

E-mail: Tammy Heilman



Monday-Friday: 8 a.m.-4:50 p.m.

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Northern State University
Perkins Loans at Northern
Northern State University Federal Perkins Loans
Grace period: 9 months
Grace period interest: No
Maximum term: 120 months
Interest rate: 5 %
Deferments: Yes
Cancellations: Yes
Consolidations: Yes
NSU Federal Perkins Loan Office
P.O. Box 994
1200 S. Jay St.
Aberdeen SD  57401
Krikac Administration Building
Room 202A

Phone: 605-626-2538
Fax: 605-626-3022
Email: Tammy Heilman
Federal Perkins Loan is a federally funded program providing long-term low-interest (5%) loans for students who demonstrate financial need. Interest does not accrue on the loan and there is no repayment while the student is enrolled at least half time. Repayment begins nine months following graduation, withdrawal, or enrollment less than half-time status. The amount of funds available for current NSU students depends on the repayment of the previous NSU Federal Perkins Loan borrowers. If you encounter difficulties, please contact our office immediately to resolve any problem.

You may email to inform us of a change of address, phone number, or name. It is your (the borrower's) responsibility to keep the Federal Perkins Loan Office informed of your current address. Failure to do so may result in past-due payments and being assessed late charges.

ACH Direct Deposit
Avoid writing monthly checks by signing up for ACH Direct Deposit. Complete the form and return it with a voided check from your checking account, or call for details.

Payments are due by the 15th of each month. If your payment is not received in a timely manner, your account will be assessed a late charge.
Collection Service
If you fail to pay your loan or contact us, Federal regulations require that your loan be placed with a collection service when it becomes 120 days past due. The additional costs that are incurred are to be paid by the borrower as stated in your promissory note.
Credit bureau
NSU reports all loans to Equifax, which is one of three major credit bureaus. Once your loan enters repayment, you will be building either a positive or negative credit history. Federal law specifies how long negative information remains on your credit report. This includes late payments, accounts that have been listed with a collection service and judgments filed against a borrower in courts – even if the account is later paid in full. Most negative information must be erased after seven years.

Exit interviews
When leaving NSU, borrowers are required to complete the exit interview process. You will provide the NSU Federal Perkins Loan Office with an updated address and references and in turn, NSU will provide you with repayment information, a repayment schedule for your loan and copies of your promissory note(s). A hold will be placed on your credentials at NSU if an exit interview is not completed. You may conduct the exit interview process online at Mapping Your Future. The Federal Perkins Loan Office is notified when you have completed the exit interview, and the hold will then be released.

Monthly coupons
Coupons are sent to the address that you have provided several months before your loan payment is due. New coupons are sent in January of each year, for the entire year. If you misplace your coupons and need new ones, please let us know.

Teacher cancellation benefits
The Teacher Cancellation Low Income Directory provides a list of schools nationwide that have been determined to be eligible for teacher cancellation benefits by the Department of Education. This list is updated annually. You may check this address to see if the school in which you are teaching qualifies for cancellation benefits for your Federal Perkins Loan.