The Federal Perkins Loan is a program that is contingent upon the availability of funding. If funding is available, priority is given to students who apply prior to the March 1st deadline.

The Federal Perkins Loan is a 5%, need-based loan whose interest is subsidized until repayment begins six months after graduation or cessation of full-time studies.

It is awarded to full-time students with financial need as determined through the Free Application for Federal Student Aid (FAFSA). Awards of $1,000 are generally made to eligible applicants whose processed FAFSA is received electronically by our priority deadline of March 1.

If you accept a Federal Perkins Loan award, you will need to sign an online Federal Perkins Master Promissory Note prior to the disbursement of your funds. Funds will not be released until the requirement is met. Failure to do so will result in cancellation of the award.