Institutional Loan Repayment

Carleton & Henry Strong Loan Contact:

Student Accounting Manager
Candace Koen
ckoen@carleton.edu
(507) 222-4165

How Do I Make an International Payment?

Carleton College has partnered with Flywire to offer an innovative and streamlined way to make a payment from your home country. Founded by a former international student, Flywire's mission is to save money for international alums and their families that would otherwise be lost on bank fees and unfavorable foreign exchange rates.

Go to Flywire to begin the payment process.

Where Do I View My Institutional Loan?

Please visit the ECSI Website and register for a User Name and Password. The process is fast and easy and gives you 24/7 access to:  make a payment, view loan details, sign up for e-billing, change your address and phone number, apply for deferment or forbearance, etc.

What Are the Terms of the Loan?

Institutional loans not accrue interest during in-school deferment or grace periods.  Once you enter repayment, the annual interest rate is 5%.

When Do I Begin Repayment?

Institutional loans have a 6 month grace period and payment is made quarterly.  Interest begins to accrue six months after you are no longer enrolled as an "at least a half-time student", whether you graduate or not.  First payment is due 3 months later.

What If I’m Still in School?

If you enroll at another school as an "at least a half-time" basis, your loan is eligible for deferment.  Please contact Carleton's Student Accounting Manager for assistance with your deferment.

What if I Can’t Afford to Repay My Loan?

If you anticipate that you will be unable to afford your Carleton Institutional or Henry Strong Loan payment, please do not ignore it!  There are options available such as a deferment or forbearance, which means that you may be allowed to temporarily postpone your payments without damaging your credit rating.   In order to avoid default, which can adversely affect Carleton College and future Carleton Institutional or Henry Strong Loan borrowers, please contact the Carleton College Student Accounting Manager for assistance.