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**All Students must complete both
Perkins Master
Promissory Note
and
Perkins Loan
Entrance
Counseling
before funds can be disbursed.**
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Eligibility: Undergraduate and graduate students who are enrolled at least half time and demonstrate exceptional financial need
may be
eligible for the Federal Perkins Loan. Funds in this revolving loan program are derived from loan payments by former students who received this loan.
Funding is limited. Eligibility is determined from information on the Free Application for Federal Student Aid (FAFSA) and institutional policies.
Best Features:
- No interest accrual while enrolled at least half time.
- 9 month grace period. 10 year repayment period.
- Eligible undergraduates may be awarded up to $4,000 annually not to exceed $20,000 cumulative.
- Eligible graduate students may be awarded up to $6,000 annually, not to exceed $40,000 cumulative.
- Student must not be in default on a federal loan.
| In-School Rate Formula |
Fees |
In-School Rate |
| 0% |
0% |
0% |
| Repayment Rate Formula |
Fees |
Repayment Rate |
| Simple interest at a fixed rate of 5% begins
at end of the grace period |
0% |
5% |
For more information, contact our office at 202-687-4547.
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