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 and not 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
If you have decided to accept the Perkins Loan you have been awarded you will need to complete a Master Promissory Note.