The Perkins loan is a federally regulated student loan that colleges and universities receive from the U.S. Department of Education. Funding is limited and is generally awarded to first year students with very high financial need. The average award is $1,000 per year.
- Fixed 5% Interest Rate
- Nine Month Grace Period before Repayment (after the student graduates or ceases half-time enrollment)
How to Apply
Students complete the steps to accept Perkins loans during orientation.
- Entrance Counseling
- Sign the Perkins Promissory Note