Federal Perkins Loan
A Federal Perkins Loan has a fixed 5% interest rate. This loan is awarded to undergraduate or graduate students with exceptional financial need. Approximate annual amounts are between $500 to $3,000 for undergraduate students and $500 to $5,000 to graduate and professional students. A Federal Perkins Loan must be repaid. The first payment will be due 9 months after you graduate, withdraw, or drop below half-time enrollment. Note: This program ended after the 2017-18 academic year. Questions regarding existing Perkins loans should be directed to the Cashier's Office.