Updated 6/20/2023:
Welcome to the State University of New York’s Student Loan Service Center
SUNY’s Federal ID for Student Loan Interest Reporting is 16-1514621
If you have a student loan(s) that is directly serviced by the U.S. Department of Education, such as a Federal Direct Loan, Click here for repayment information.
Federal Perkins Loan Borrowers:
The Perkins loan that you received from the State University of New York (SUNY), is a school-held loan serviced by the SUNY Student Loan Service Center (SLSC). Your Perkins Loan is not eligible for either the 0% interest rate pause, or the proposed Student Loan Debt Relief.
•Your Perkins Loan continues to accrue interest at 5%, as per the terms of your promissory note.
• You may be eligible for Perkins Loan cancellation. Forms and qualifying criteria are available to you in the Borrowers section of our website under. Perkins Loan Deferment, Cancellation and Forbearance Forms.
• The Perkins Loan program does allow for loan cancellation based upon continuous full-time service in specific fields of employment.
• Deferment is available under specific qualifying circumstances. You must complete the appropriate
deferment request form and submit your written request to the SLSC for eligibility determination.
• An eligible borrower can receive a maximum of 3 years of Unemployment Deferment and a maximum of 3 years of Economic Hardship Deferment over the repayment period of their Perkins Loan.
• Forbearance is an option, however interest continues to accrue during periods of forbearance. The number of years that you can receive forbearence is limited.
• The Perkins Loan program does not have an income driven repayment (IDR) provision.
• Completed Deferment and Forbearance Requests can be emailed to SUNY SLSC at slsc@albany.edu
• Borrowers must be mindful of the number of years that they have remaining of both deferment and forbearance.
Health Professions and Nursing Student Loans Borrowers: The Health Resources Service Administration’s (HRSA) COVID-19 relief policy ends 60 days from June 30, 2023. Interest resumes September 1, 2023 and repayment resumes October 1, 2023.
Visit
https://bhw.hrsa.gov/loans-scholarships/coronavirus
for complete terms and conditions of HRSA’s COVID-19 student loan borrower relief.
• 0% interest ends August 31, 2023.
• Health Professions Student Loans, Primary Care Loans, Loans for Disadvantaged Students and Nursing Student Loans that were already in Administrative Forbearance, will remain in Forbearance through August 31, 2023. • You can request to have your loan taken out of Administrative Forbearence and resume payment sooner than October.
• You will receive a billing statement in September for payment due October 1, 2023
• If you have questions about your October payment, please contact our customer service team at (518) 525-2626 or 1-833-920-1481.
• Please note that COVID-19 relief does not extend the 10-year repayment term of your student loan.
Periods of forbearance do not extend the maximum 10-year period in which you must repay your loan. If you did not make loan payments while in Administrative Forbearance, your future monthly loan payment will increase accordingly.