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Colorado State University Logo

Federal Perkins and Health Professions Loans

Department: Student Loans Receivable
Location: 1st Floor Howes Street Business Center
Mailing Address: 6024 Campus Delivery, Fort Collins, CO 80523-6024
Business Hours: Monday - Wednesday, & Friday 7:45am - 4:45pm; Thursday 9am - 4:45pm
E-mail: AROperations@colostate.edu
Phone: (970) 491-6467

 

Billing Information

Payment Due Date

Student loan payments are due the 1st of each month.

Coupon Books

A coupon booklet will be mailed to you one month prior to your 1st payment due date. Each coupon booklet contains 12 coupons; a new coupon booklet will be sent to you near the end of each 12 month period until your loan is paid in full. Please include a coupon with your mailed monthly payment. You must make your monthly payment regardless of whether or not you have a coupon booklet.

Late Payment Charges

Student loan payment received after the 10th of each month are assessed a late fee.

  • Federal Perkins Loan: A 10% late fee charge of the monthly payment amount is assessed to the student loan account.
  • Health Professions Loan: A 6% late fee charge of the monthly payment amount is assessed to the student loan account.

Delinquent/ Defaulted Student Loan Accounts

  • Payments 30 and 60 Days Past Due: Colorado State University is required by federal guidelines to report delinquent loan accounts to credit bureau agencies on the 1st working day of the month.
  • Payments 90 Days or More Past Due: Loans are sent to Colorado State University's In-House Collection Agency, assessed collection fees, and reported in collection status to a credit bureau agency. If your loan has been sent to Colorado State University collections, call Special Assets at (970) 491-7058 for more information.
  • If your loan is more than 1 year past due, it may have been assessed collection and/or legals fees and forwarded to the State Collection Agency. Contact Central Collection Services (CCS) at (800) 221-2297 for information regarding your loan.

Returned Checks/ACH Withdrawal Insufficient Funds

  • As provided by state law, a $17.00 penalty will be assessed to the account for each check not accepted by the bank because of insufficient funds, stopped payment, nonexistent account, or any other reason for which the person is responsible.
  • ACH insufficient funds procedure. Student Loans Receivable will cancel a borrower's ACH Withdrawal, notify the borrower by letter of insufficient banks funds and assess a $17.00 insufficient funds fee. A Borrower may apply for ACH after their student loan account is made current and all late fees are paid.
  • All returned checks, plus penalty, must be paid in guaranteed funds at the Cashier's Office, 108 Johnson Hall. Insufficient funds checks under Colorado statute may constitute a felony offense.