Perkins Loan

The federal Perkins Loan Program is no longer available for students with financial need. Funds are repaid at 5% interest beginning nine months after full-time school is completed. Interest does not accrue while you are in school or during your nine-month grace period. Undergraduate awards were usually restricted to $3,000 or less per year, though the annual maximum is limited to $5,500 by the federal guidelines.

Even though the Perkins Loan Program was discontinued, all disbursed loans are subject to repayment. For information about the exit interview and loan servicing, please review the Receivables & Collections page.