The Federal Perkins Loan Program ended September 30, 2017.

No further Perkins Loans will be offered.

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.

Three term maximum: 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

Additional Disclosures for New Perkins Loans made after 9/30/2015

Repayment

Perkins Loan repayment is serviced by the U.S. Department of Education.

Contact Information

ECSI Website

1-866-313-3797 (phone)

Department of Education
ECSI Federal Perkins Loan Servicer
P.O. Box 6200-31
Portland, OR 9722-6200