Federal Perkins loans
Federal Perkins Loans are awarded to students with exceptional financial need. This is a campus-based loan program, with the school acting as the lender using a limited pool of funds provided by the federal government.
- Interest rate is fixed at 5%
- No loan fees
- Interest is paid by the federal government during the in-school and nine-month grace periods
- Federal regulations prevent us from awarding this loan to any new borrowers