Loan Collections & Repayments |
Loan Programs
Collection Assistance
Frequently Requested Information
LOAN
PROGRAMS
The University of Maryland, Baltimore administers several institutional
loan programs:
The Federal Perkins Loan is available to qualifying students in most UMB
programs. Interest does not accrue and payments are not required while
registered at least ½ time while in the nine-month grace period provided, or
within periods of eligible deferment. Interest accrues at 5.0% annually while
in repayment.
The Federal Nursing Loan (FNL) is available to qualifying students in the
undergraduate and graduate level Nursing Programs. Interest does not accrue
and payments are not required while registered at least ½ time while in the
nine-month grace period provided, or within periods of eligible deferment.
Interest accrues at 5.0% annually while in repayment.
The Health Professions Loan (HPSL) is available to qualifying
students in the Dental and Pharmacy Programs. Interest does not accrue and
payments are not required while registered full time in a Health Profession
Program, while in the twelve-month grace period provided or within periods of
eligible deferment. Interest accrues at 5.0% annually while in repayment.
The Primary Care Loan (PCL) is available to qualifying medical students
with a requirement that they train and practice in primary care. Interest does
not accrue and payments are not required while registered full time while in
the twelve-month grace period provided, or within periods of eligible
deferment. Interest accrues at 5.0% annually while in repayment.
In addition to the above federal programs, the University also administers
several private donor loans that have varying terms and conditions.
For information on applying for one of the above loans, or applying for
Stafford Loans, please contact the Office
of Financial Aid at (410) 706-7347, or stop by their office at 110 S. Paca Street, 2nd Floor.
COLLECTION
ASSISTANCE
If you received Federal Perkins, Federal Nursing, Health Professions,
Primary Care, or one of our various private donor loans, while attending the
University of Maryland, Baltimore, the University is your LENDER.
Linda Ferreira, Loan
Collections Supervisor, (410) 706-6574
Nancy Waits, Loan Collections
Specialist, (410) 706-5375
Our mailing address is:
UMB/Financial Services/Loan Collections
220 Arch Street, Office Level 2
Baltimore, MD 21201
The University utilizes a billing agent, ACS-Education Services, to generate
monthly billing statements to our borrowers. Please contact the
University directly, at the numbers above, for any problems or questions
concerning your account.
FREQUENTLY
REQUESTED INFORMATION
University of Maryland, Baltimore - Student Loan Collections…(410)
706-6574
Linda Ferreira, Loan
Collections Supervisor
Nancy Waits, Loan
Collections Specialist
University of Maryland, Baltimore - Office
of Financial Aid.....(410) 706-7347
Carolyn Pritchett, Debt
Management Counselor
ACS-Education Services (Lombard, IL)
Please contact University of Maryland, Baltimore directly, at (410) 706-6574,
for any ACS billing problems or questions concerning your Federal Perkins,
Health Professions, Federal Nursing or UMB Private Donor Loans.
Stafford Lenders & Consolidation Contacts
Many Stafford Lenders offer consolidation.
Check with your lender for details.
Borrower Assistance & Loan Repayment Programs
Credit Bureaus:
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