Federal Perkins Loan
The Federal Perkins Loan Program provides low interest loans to help needy students finance the costs of postsecondary education. The Financial Aid Office automatically considers every eligible student for the Federal Perkins Loan and will award it to those with demonstrated financial need as long as funds are not exhausted. Repayment of the loan is required and begins nine months after graduation or when a student drops below half-time enrollment. If a Federal Perkins Loan is part of the financial aid award, completion of an entrance interview and Master Promissory Note (MPN) is required. Students with Perkins Loan awards will receive an email from a third party, ECSI, with instructions to complete these requirements. These funds will not be disbursed to the student’s account until all requirements are met.