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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 Loan Information
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
Address:  NSU Federal Perkins Loan Office
 Box 994   1200 S. Jay St   Rm 202A
 Aberdeen, SD 57401
Campus: W.K. Krikac Building RM 202A
Phone: (605) 626-2538
Fax: (605) 626-3022
















• ACH Direct Debit
• Borrower’s Rights and Responsibilities
• Cancellations
• Deferments
• Forms
• Loan consolidation
• Consequences of default
• FAQs
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 us to inform us of a change of address, phone number, or name. It is the borrowers 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.

Billing Schedule: 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.
Signup Letter
Signup Form

Borrowers Rights and Responsibilities: (click for more info)

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 the 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.

Consequences of Default: (click for more info)

Deferments: Student/Unemployment/Economic Hardship/Forbearance - (see forms box)

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 on line through the above listed internet website.. The Federal Perkins Loan Office is electronically notified when you have completed the exit interview on line, and the hold will then be released.

Forms: Deferment/Cancellation (see forms box)

Loan Consolidation:

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 internet address:

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

FAQs: (frequently asked questions) Click here.