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