The Perkins Loan is a federal loan program awarded to full-time students demonstrating financial need. Awards range from $500 to $5,500 per academic year for undergraduates and up to $8,000 for graduate law students per academic year.

Repayment of this loan begins nine (9) months after the student ceases to be enrolled at least half-time. The current interest rate is fixed at 5%.

Perkins Loan Requirements

Required Documents

All recipients of the Federal Perkins Loan are required to complete and confirm a master promissory note, entrance counseling, and the blue disclosure statement prior to disbursement of the loan to your student account.

You will be notified of the requirements via email and a mailed loan package along with instructions prior to the beginning of the semester.

First-time Borrowers

Annual Disclosure Statement - The student is required to sign and return this form to the Office of the Bursar. This statement outlines any prior disbursements from the loan program, discloses interest rates, grace period and late fees. This form (printed on blue paper) is mailed in the original loan package sent to your home address

  • Entrance Counseling

    Entrance counseling is a tutorial on the importance of student loans and awareness of student loan debt
  • Master Promissory Note - MPN

    The MPN outlines your rights and responsibilities under the loan program. Your MPN is valid for 10 years.

Returning Borrowers

Annual Disclosure Statement - The student is required to sign and return this form to the Office of the Bursar. This statement outlines any prior disbursements from the loan program, discloses interest rates, grace period and late fees. This form (printed on blue paper) is mailed in the original loan package sent to your home address.

Exit Counseling

Loan exit counseling is designed to ensure that you understand you rights and obligations as a student loan borrower. The session outlines the repayment provisions, grace periods, deferment options and rights and responsibilities of a loan borrower.

Exit counseling is a federal requirement and failure to complete it may result in a hold on your official transcript, diploma and academic records.

An in-person exit counseling session can be scheduled with the Office of the Bursar upon request.