Defaulted Perkins Loans can be restored to current loan status through rehabilitation. To do so, the borrower must enter into a written payment agreement and voluntarily make nine (9) on time consecutive monthly payments in an amount determined by ECSI. If a Perkins Loan is successfully rehabilitated, eligibility for new Title IV financial aid will be reinstated, the original terms including deferment and cancellation benefits will be reinstated, and late payment history will be removed from the credit history. A borrower may rehabilitate a loan only once; if a loan goes into default again, the default status will continue until the loan is paid in full.

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