Federal Perkins Loan Program is available to undergraduate students
- Must complete Master Promissory Note & the Entrance Counseling
- Students must have financial need to borrow from this program.
- 5% interest rate
- Interest is subsidized (government pays interest while student in school and during grace period)
- Repayment begins nine months after student ceases half-time enrollment.
Average annual loan $500 to $1,000