Federal Perkins Loan

Federal Perkins Loan:
An eligible undergraduate student may borrow up to $4,000 per year, depending on financial need and the availability of funds. A maximum of $20,000 for total undergraduate study is allowed. A maximum total of $40,000 may be borrowed for undergraduate and graduate programs combined. Interest of 5% on the unpaid balance begins with repayment of the loan principle 9 months after ceasing at least half time enrollment. A student must complete the FAFSA to be considered.

If you have any questions concerning the Federal Perkins Loan, contact either Rosemary Fjelland at (515)294-8747 or Nancy Bear at (515)294-4786. If you have questions concerning the exit interview process for the Federal Perkins Loan, contact Rosemary Fjelland at (515)294-8747.

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