Entrance Counseling is required for the following Federal loan types:
Please note that Perkins Loan funds are limited. To be considered for Perkins Loan funding you must
If you are awarded a Perkins Loan, it will be listed on your Award Notification.
To receive the full award for a semester, you must enroll for at least 9 credits during that semester. If you enroll for 6 to 8 credits during a semester, you will receive 50% of your original semester award.
Perkins Loans do not have any processing fees.
Perkins Loans are interest free while you are enrolled in school at least half-time in a degree granting program (undergraduate or graduate). The interest rate during repayment is fixed at 5%.
Perkins loan repayment begins 9 months after you cease to be enrolled at least half-time. The maximum repayment period is 10 years.
If you are offered a Perkins Loan, the amount borrowed cannot exceed the amount listed on your Award Notification.
Students who are graduating that have a Perkins loan, can do their exit counseling with the loan servicer, Heartland ECSI at www.heartland.ecsi.net or contact 1-800-437-6931. If there are any additional questions regarding repayment of your Perkins loan, please contact the Office of the Bursar at email@example.com or 301-405-9031.