Federal Perkins Loans

The Federal Perkins Loan is one of the best student loan options available. Interest accrual and repayment does note begin until nine months after graduation or falling below less than half-time enrollment. The Perkins Loan funding is extremely limited and is offered on a first-come, first-served basis to eligible students.  

5.00% Fixed Interest Rate 

Zero Loan Processing or Origination Fees

Perkins Loans:

    • Do not accrue interest while the student is enrolled at least half-time
    • Are need-based as determined by the FAFSA
    • Students must complete a FAFSA for the appropriate aid year and complete any other missing requirements (such as verification)
    • Student must complete the Perkins Loan Promissory Note/Disclosure Statement 




  • Student must be enrolled in a degree-granting program
  • Half-time attendance is not required, however if less than half-time, payments may be required while student attends school
  • If less than half-time, nine month grace period begins immediately
  • Students who have used their 9 month grace period and again enroll at least half-time, will receive an additional 6 month grace period when they cease half-time enrollment

Important Note:

Students who have accepted Perkins Loans for the Fall 2015 semester will not be able to complete the Perkins Loan Master Promissory Note/Disclosure Statement until approximately July 1, 2015. You will receive an email from when you may complete the process.

Perkins Loan Links:

Federal Perkins Loan Promissory Note/Disclosure Statement

Federal Perkins Loan Exit Counseling 

Federal Loan Problem Resolution