For graduates entering monetary repayment:
Five and one half months after ceasing forbearance, borrowers who do not qualify for service payback may contact ECSI to request that accrued interest be Capitalized, i.e., added to the principal (so that interest is not all due in the first payment) and pay bills as they come due. Borrowers wishing to make automatic electronic payments need to contact ECSI. Delinquent accounts will be sent to collection, and delinquent borrower's academic records will not be released until account is current.
For graduates in residency/fellowship:
Forbearance Process: Borrowers eligible for forbearance, i.e., transfers to other medical schools and medical residents or fellows, print the Forbearance Form and complete the form as directed on the instructions page, and send it to ECSI 100 Global View Drive, Warrendale, PA, 15086, the company that maintains account records, provides bills, posts payments and deferments, and reports statuses of accounts to national credit bureaus.
For graduates providing service:
Postponement Form: At the beginning of each year (period of 12 months) of qualified service payback (list of qualified services), borrowers print the Postponement Form, complete the form as directed on the instructions page, and send it, along with a copy of their job description, to the Student Loan Manager at UMMS. After the Learning Contract Advisory Group approves the employment for service payback, the Loan Manager notifies ECSI to put the account in Postponement (suspended billing) status.
Job descriptions for the Learning Contract must include the following information on letterhead from employer: dates of service, number of hours worked per week, description of employment, and signature and title of authorized individual (human resources, business manager, supervisor or program director).
Cancellation of Learning Contract: After graduate completes their service they will print a Cancellation form from the Peoplesoft online system, complete as directed on the instructions page, and send it, to the Student Loan Manager at UMMS. After the Learning Contract Advisory Group formally votes to approve the service payback, the Learning Contract will be considered paid in full, and the Dean of the School of Medicine will return the original Learning Contract and all Schedules of Payment to the borrower.