Requirements for disbursement of Mount Holyoke College Loans
- Review the sample Application Disclosure Notice
- Sign the Master Promissory Note and Disclosure Documents
- Have, or be able to obtain, a Social Security Number issued by the United States Social Security Administration
Student Financial Services grants Mount Holyoke College Global Loans to International students as part of the financial aid process. Global Loans are not awarded to supplement a financial aid package. The loans are administered by Mount Holyoke College through ECSI. The school code for logging on to ECSI is ZN.
The applicable interest rate for the Global Loan is 8.0% fixed, which accrues when repayment begins. There is a six-month grace period between graduation and repayment. During any period of re-enrollment, a deferment is available. Other deferment options can be discussed with ECSI. Standard repayment of principal and interest shall be made over a period of ten years.
All students borrowing the Mount Holyoke College Global Loan must sign a promissory note. A promissory note must be signed for each academic year a loan is included in the financial aid package. Students must include their social security number and birthdate in order to sign the promissory note online.
In their first year at Mount Holyoke, students will be contacted by email after they arrive on campus when their promissory note is ready to sign. In subsequent years, students will be contacted by email during the summer when the Promissory Note is ready for completion. If a student will be attending a Study Abroad Program, she should sign all loan documents before leaving the United States.
General loan questions can be submitted via email to Student Financial Services. Mount Holyoke College Loan borrowers who have routine billing questions should contact ECSI at 888-549-3274 or 412-788-3900. A loan borrower can also download forms, make payments and check an account online through ECSI.