Office of the Bursar

Schell Honor Loan

The Schell Honor Loan is not a federal student loan. Xavier is the lender.

Schell Honor Loan Promissory Note and Entrance Interview

Heartland ECSI (Educational Computer Systems, Inc.) has the Promissory Note and Entrance Interview on their web site at Xavier's Office of Student Financial Services sends each student an award letter listing the type of aid they have been awarded. If the Schell Honor loan is listed, the Promissory Note and Entrance Interview need to be completed.


The interest rate for this loan is zero percent (0%).


The first payment will be due two (2) months after leaving Xavier. The minimum monthly payment is $40.00. It could be more if the amount borrowed is sufficient to require larger payments. The amount borrowed should be repaid within ten (10) years after the date on which repayment begins unless that period is extended by deferments. You will be billed on the 15th of each month with your payments due on the 1st of the following month.

Credit Bureau Reporting

The Schell Honor loan is not reported to the credit bureaus.


The payments can be deferred while furthering your education. Student Deferment Forms can be obtained by contacting Heartland ECSI at 1-888-549-3274 or by going on-line to If borrowers are experiencing financial difficulties, payments can be deferred. The Financial Arrangement Form can be sent to you by contacting Heartland ECSI at 1-888-549-3274 or by going on-line to

Loan Consolidation

The Schell Honor loan is not a "federal student loan." Therefore, this loan cannot be consolidated with federal loans.

Exit Interview Information

The borrower must, without exception, report any of the following to Xavier University, Loan Collection Office, 3800 Victory Parkway, Cincinnati, OH 45207-3361, or call (513) 745-4833.

  • withdrawal from school
  • transfer to another school
  • name change
  • address change or your parents' address changes
  • social security number changes
By reporting the information above, the student and the billing service (Heartland ECSI) can keep each other informed. When a student separates from Xavier University i.e. withdraws or graduates, the exit process begins. He/she can expedite the completion of the Exit Interview process by visiting and completing the Exit Interview on-line.