What is a Federal Perkins Loan and how do I apply for one?
The Federal Perkins Loan is a no-fee federal loan that does not accrue interest while you are in school (or in grace) and has a 5% fixed interest rate during repayment. The loan is borrowed through Hofstra University, which receives an annual allocation from the U.S. Department of Education. Although there is limited funding available for this loan program there is no special application for this loan as students are consider for this loan during the normal financial aid process. Students interested in more detailed information should contact the Financial Aid Office directly.
The Federal Perkins Loan is a no-fee federal loan that does not accrue interest while you are in school (or in grace) and has a 5% fixed interest rate during repayment. The loan is borrowed through Georgetown University, which receives an annual allocation from the U.S. Department of Education. There is limited funding available for this loan program, therefore special application forms are required to access a Perkins Loan. Students may be eligible for Perkins Loan funding in the form of a Summer Savings Replacement Loan or a Self-Support Loan. Students interested in more detailed information should contact the Financial Aid Office directly.
