Federal Student Aid Announces Perkins Loan Servicing Transition

The U.S. Department of Education's Federal Student Aid (FSA) is transitioning the servicing of federally held Federal Perkins Loans from ECSI to GCR Servicing, with completion expected by December 1, 2026. This change impacts schools, which will experience a 60-day pause on submitting new loan assignments to ECSI starting October 1, 2026, potentially affecting administrative processes for institutions and borrowers.