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Institutional and Campus-Based Loans

Federal Perkins Loan

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Federal Perkins Loan

Formerly the National Direct Student Loan Program, the Perkins Loan allows students to borrow up to $8,000/year for graduate school. The Perkins Loan has one of the lowest interest rates and is awarded to students with exceptional financial need. The interest on the Perkins Loan is subsidized while the student is in school.

· Awarded on a first-come, first-serve basis to eligible students.  Funding is limited.

· Must be enrolled at least half-time

· Must have exceptional need and have accepted full Stafford Loan funding offered for the current aid year 

*Must have available eligibility within your cost of attendance (per federal regulations we cannot award you over your cost of attendance)

· Maximum eligibility is $8,000/year ($60,000 lifetime limit)

· 5% fixed interest rate

· No origination fee

· 10 year repayment beginning 9 months after student graduates or drops below half-time

To apply, please email to review your eligibility. 

  1. Institutional Loans
  2. You are here: Federal Perkins Loan
  3. Title VII Loans
This page last updated 03rd Nov 2014