The Federal Perkins Loan is awarded to students who have completed the FAFSA, are enrolled at least half-time and who demonstrate financial need.
If you were awarded a Perkins Loan:
- Sign and return your award letter. Please indicate the amount of the loan you wish to borrow.
• Complete the Perkins Form
. ** Be sure to read the additional information on the form concerning the end of the Perkins Loan program. **
The Perkins Loan is interest-free while you are enrolled at least half-time. The interest rate is set at 5%. The loan goes into repayment nine months after you graduate, withdraw, or drop below half-time. You may be allowed up to 10 years to repay the loan.