For additional information please contact the Student Accounts Coordinator.
A. For Kenyon to be able to speak with anyone other than the borrower in regards to their loans, the borrower needs to complete a Student Loan FERPA Form.
A. No. Kenyon College does not accept credit or debit card payments at this time.
A. Simply send an e-mail notification to the Student Accounts Coordinator noting your change of address and also your student ID.
A. Legal documentation is required for Kenyon to update this information in our loan system. Please send copies of the necessary documentation to the attention of the Student Accounts Coordinator at Kenyon College Accounting Office, 209 Chase Avenue in Gambier, OH 43022.
A. When your Institutional Loan(s) become past due, a hold is automatically placed on your student account, which applies a hold on your transcripts. This hold will remain until the past due loan(s) is paid in full. If you have been making consistent monthly payments on your past due loan(s) you may contact the Student Loan Coordinator to determine your eligibility to receive atranscript.
A. Upon withdrawal from the College, even if only for one semester, all of your Kenyon Institutional Loans will become due in full on the official date of your withdrawal. Please note that your interest rate will increase from five percent per annum to eight percent per annum. If you are unable to pay all of the loans in full, please contact the Student Loan Coordinator to discuss a Monthly Payment Plan.
A. Once the Student Accounts Coordinator receives notification that you will be returning to Kenyon College, your Kenyon Institutional Loans will automatically be returned to their original due dates which is five years after the date of issue. The interest rate will also return to five percent per annum.
A. No. Your Institutional Loans are not eligible for a deferment. Only federal loans (e.g., Perkins or Stafford Loans) are eligible to defer.
A. 1098-E forms/letters are mailed by January 31 each year. If you did not receive one, please contact the Student Accounts Coordinator for another copy. All 1098-E forms/letters are mailed to the billing address currently on file. If your address is not current by the middle of January, you may experience a delay in the receipt of your tax document.
A. Kenyon Institutional Loans are not considered qualified educational loans. You may not use your AmeriCorps Educational Award as payment toward your Kenyon loans. Please visit www.americorps.org for further information and the definition of a qualified student loan.
A. Statements are mailed quarterly at the beginning of January, April, July, and October.
A. Kenyon Institutional Loans are charged at a five percent interest rate per annum beginning when the loan is issued and continuing until each loan reaches its designated due date. If the loan is not paid in full by its due date, the interest rate increases to eight percent per annum until the loan is paid in full. Interest is determined based upon the current principal amount due on the first of each month. It is not compounded with current interest already accrued.
A. Payments for Monthly Payment Plans are considered on-time if they are received in the Accounting Office by the last business day of each month.
A. All requests to change an ACH payment amount or bank account information must be received in writing and received in the Accounting Office at least one week prior to your payment draw date. Please note that if you are changing your bank account information, you will also need to provide a new voided check.
A. Please contact the Student Accounts Coordinator for your current balance.
A. No. You may repay your loans in full at any time without penalty.