Perkins Loans

• Federal loans issued to borrowers directly by the college.
• Based on need.
• Fixed, 5 percent interest rate.
• No payments required while the student is in school.
• No interest accrues while the student is in school, in an approved deferment or in the grace period.
• Repayment begins nine months after a student leaves school, graduates or drops to less than half-time attendance.
• A portion of a student’s interest paid during in-school may be canceled in certain cases such as if he or she teaches at a low-income school following graduation. For more information, visit the campus financial aid office.