If your Federal Perkins Loan is in past due or in default the following actions will be taken:

  1. University services withheld: All future services including transcripts and financial aid will be denied.
  2. Transfer to collection agency: All delinquent loans will be referred to a collection agency. The loan will be accelerated making the entire amount of the loan due and collection costs will be added.
  3. Credit Bureau Report: All current and delinquent loans are reported by ACS/Xerox (UAS as of 10/1/17) to the credit bureau.
  4. Assignment to the U.S. Department of Education. Loans that remain in default may be assigned to the Federal Government who will pursue collection action indefinitely. The U.S. Department of Education will also withhold Federal tax refunds and prevent Federal employment for many with defaulted loans.