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
1-866-313-3797 (phone)
Department of Education
ECSI Federal Perkins Loan Servicer
P.O. Box 6200-31
Portland, OR 9722-6200