Federal Perkins Loan

The Federal Perkins Loan program ended on September 30th, 2017. No further awards will be made from this program.

Key features of the Federal Perkins Loan

  • The Federal Perkins Loan is a subsidized loan. The interest is paid by the federal government while the student remains enrolled at least half-time and during the 9 month grace period.
  • There is no origination fee.
  • Interest is fixed at 5.0% during repayment.
  • The repayment period is 10 years.


  • Repayment begins 9 months after the student ceases to be enrolled at least half-time.
  • Fixed interest of 5.0% will accrue during repayment.
  • For questions regarding repayment of the Federal Perkins Loan, contact Accounts Receivable at (515) 294-3701.