Financial Aid: Perkins Loan

Federal Perkins Loan

Amount: Up to $1,000 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.