The Perkins Loan is a need-based loan for undergraduate students with exceptional need. The interest rate is fixed at 5%. Priority is given to Pell recipients and continuing Perkins borrowers who apply for Federal Aid. Funds are very limited and may not be available each academic year. 

Annual Amount

  • $5,500


Repayment begins nine months after graduation or dropping below half time (6 hours). The repayment period can be up to 10 years with a $40 minimum monthly payment.


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