Federal Perkins Loans

Federal Perkins Loans are federally funded loans that are awarded to students with exceptional financial need. Repayment and accrual of interest at the rate of 5% begins nine months after the student is no longer enrolled at least half time (6 semester hours). The minimum repayment is $40 per month and repayment may be extended for up to 10 years.

Students must electronically sign their Perkins MPN with a US Department of Education PIN number. Students can apply for a PIN number at www.pin.ed.gov.