loans
federal perkins loan
A Federal Perkins Loan has a fixed 5% interest rate. This loan is awarded to undergraduate or graduate students with exceptional financial need. Approximate annual amounts are between $500 to $3,000 for undergraduate students and $500 to $5,000 to graduate and veterinary medicine students. Priority for a Federal Perkins Loan is given to students who meet our priority date for submitting the Free Application for Federal Student Aid (FAFSA). For the 2009-2010 academic year, our priority date is March 1, 2009.
A Federal Perkins Loan must be repaid, with the first payment due nine months after you graduate, withdraw, or drop below half-time attendance. If you have accepted a Federal Perkins Loan within iSIS, a master promissory note, a truth-in-lending statement, and a loan information sheet will be mailed to your local address. You need to complete and submit all the Federal Perkins Loan documents before we can disburse the loan to you.