Federal Perkins Loan
A low-interest, need-based loan to help students pay their educational expenses. These loans are awarded to students with high financial need. Maximum loan is $5,500 per year for undergraduates or $8,000 for graduate students. The Perkins program has a lifetime loan limit of $27,500 for an undergraduate education and $60,000 for an undergraduate and graduate education (combined). There is a limit of $11,000 that may be borrowed within the first two years and $27,500 for the last two years. Repayment begins nine months after the student graduates or drops below half time status.
To be reviewed for the Perkins loan please contact the Financial Aid Office. If you are eligible for this loan, then you will receive an updated award letter listing the amount. Once you have been awarded, University Accounting Service (UAS) will send you an email to complete your Master Promissory Note and Entrance Counseling. Once you have completed this step, we are notified electronically.