FEDERAL PERKINS LOAN

Federal Perkins Loan | Federal Stafford Loan
Federal Parent Loan (PLUS)

The application for a Federal Perkins Loan is the completed FAFSA. If it is determined that a student is eligible to receive funds, a student accepting Perkins Loan Funds will have to complete Entrance Loan Counseling and a Perkins Promissory Note. While the maximum annual loan limit is $4000, most loans range from $500 - $2,500. The interest rate is 0% while a student is enrolled at least half-time and 5% once a student enters into repayment.

Some students—including those teaching in specified geographic locations or subject areas, those who join the Peace Corps, and those in certain law enforcement positions—may be eligible to have a portion of their Federal Perkins Loan canceled for each year of service. Contact the Business Office for more information on Perkins loan cancellation.