Amount: Up to $5,000 per year
Interest Rate: 5%
You will be considered for a Federal Perkins Loan if your FAFSA indicates you have exceptional financial need. No interest is charged while you are in school, and you are not required to begin repaying the loan until 9 months after graduation. Loans are made contingent on available federal funds each academic year.
Students who are eligible for a Perkins loan will be notified by the Cashier's Office on the procedures needed to sign for the loan.