The Federal Perkins Loan is a low-interest (5 percent), fixed-rate loan for students who have significant financial need, are eligible for federal financial aid, and who have met the University of Oregon's priority FAFSA deadline of March 1. In most cases, it is in the student’s best interest to accept all or part of this loan before accepting an Unsubsidized Direct Loan or Federal Direct Parent PLUS Loan if the family intends to borrow money to attend college.
Accept the full or partial amount of this loan on Duckweb.
|Three term maximum: based on fund availability and is therefore subject to change.|
|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|
Exiting School and Repayment
If you plan to stop attending the University of Oregon at least half time in an eligible program (whether due to graduating or a change in your enrollment status), you are required to complete exit counseling for Perkins Loans. Perkins Loans also have specific rules for repayment; read about