Financial Aid - Perkins Loan
The Perkins Loan is a subsidized loan, which means the federal government pays the interest while you are in school at least 1/2 time, and for 9 months after you leave school. The interest rate is only 5% and there is a 10-year repayment period. The Perkins Loan is awarded to students with exceptional financial need. This is a campus-based loan program, with the school acting as the lender using a limited pool of funds provided by the federal government.
The amount of Perkins Loan limit is $3,000 per award year, with a cumulative limit of $20,000. In addition to need, your loan amount is determined by the funds that are available at your campus.
