The Perkins Loan program is a college-administered program which uses combined funds from the federal government and the College. Perkins loans are intended to complement the federal Stafford Loan, not to serve as a replacement. The Perkins Loan program is designed for students who demonstrate a high level of financial need. The interest rate is fixed at 5% and the student is not responsible for interest that accrues while enrolled at least half-time (6 credit hours or more) or during the nine-month grace period. The grace period begins upon graduation or when a student drops below half-time enrollment.
Perkins Master Promissory Note
When the Master Promissory Note is available to sign, students who accept the Perkins loan they have been awarded will receive an email with instructions and a link.