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.|
|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|
Perkins Loan repayment is serviced by the U.S. Department of Education.
Department of Education
ECSI Federal Perkins Loan Servicer
P.O. Box 6200-31
Portland, OR 9722-6200