Follow the
Perkins Loan
| Total Loan Amount |
Number of Payments |
Monthly Payment |
Total Interest Charges |
Total Repaid |
| $3,000 | 119 | $31.84 | $817.86 | $3,817.86 |
| 1 Final Payment | $28.90 | |||
| $5,000 | 119 | $53.06 | $1,363.40 | $6,363.40 |
| 1 Final Payment | $49.26 |
- Federally funded
- Based on financial need
- Apply by completing the FAFSA
- Award maximum $3000/yr.
- Repayment and interest deferred until nine (9) months after graduation or when enrollment status drops below half-time
- Interest rate is 5% for the length of repayment
- Given up to ten (10) years to repay loan
- This chart shows estimated monthly payments and total interest charges for 8.25% loans of varying amounts, with typical repayment periods.
- After being awarded a Perkins Loan, you will be notified by email to complete your Perkins Master Promissory Note and Perkins loan counseling online.
Important Links:
- Perkins Note and entrance counseling
- Perkins servicing
- Payment Information
- Manage your Perkins account
- Retrieve tax information
