Federal Perkins Loan

A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. The school is the lender and the loan must be repaid back to the school. Repayment on a Federal Perkins Loan begins nine months after you graduate, leave school, or drop below half time enrollment. You may be allowed up to 10 years to repay. Students may borrow up to $4000 as an undergraduate, and up to $6000 as a graduate per academic year. Students must complete an Application   and Master Promissory Note (MPN)  for Perkins Loans. Note: To view these documents you must have a copy of Adobe® Acrobat® Reader® software. The software is free of charge and available from Adobe® for Macintosh®, Windows®, and Unix based computers. Select the "Acrobat Reader" button to install now.