financial aid summary note

Loan Amounts

• up to $5,500 for each year of undergraduate study
• $8,000 for each year of graduate or professional study
• the total amount you can borrow as an undergraduate is $27,500 after you complete two years of undergraduate study; $60,000 for graduate and professional
• must be repaid to the school that made the loan
• up to 10 years to repay, depending on the amount owned
• you have to file and apply for a perkins loan each academic year.

financial aid summary note

Start Your Application

• you need to contact your school - the loan is provided by your school
• press "APPLY NOW" to link to our school directory.
  

financial aid summary note

Loan Eligibility

• student must demonstrate financial need; funds depend on availability at school
• student must be enrolled at least half-time in a graduate or professional degree or certificate program at an approved school
  
• pass a college entrance exam approved by the U.S. Department of Education, and/or meet other standards your state may establish.
• be enrolled or accepted for enrollment as a regular student working at least half-time toward a degree or certificate in an eligible program.
  
• be a U.S. citizen or eligible non-citizen.
• have a valid Social Security number
• make satisfactory academic progress.

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financial aid summary note

Interest Rates

• Current Rate: 5.0%
• fixed interest rate loans that remain fixed for the entire term of the loan.

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