The Office of Financial Aid and Scholarships: University of Oregon

Federal Perkins Loan

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The Federal Perkins Loan is a low-interest (5 percent) loan for qualified students with financial need who have met the priority deadline. In most cases, it is in the student’s best interest to accept all or part of this loan before accepting an Unsubsidized Direct Stafford Loan or Federal Direct Parent PLUS Loan if the family intends to borrow money to attend college.

Three term maximum: this limit is based on fund availability and is therefore subject to change.
Undergraduates $3,500
 
In-school interest rate (during deferment or grace period) 0%
Interest rate (during repayment or forbearance) Fixed at 5%
Net fee per disbursement 0%
Grace period Nine months
 
Perkins Entrance Counseling Required
Known as Statement of Rights and Responsibilities form
Perkins Promissory Note Required
 
Aggregate limit $20,000

Once you are no longer attending the University of Oregon at least half time in eligible program, you are required to complete Exit Counseling for Perkins Loans. Also familiarize yourself with:

Loan Repayment Deferment Forbearance Cancellations