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What is the Perkins Loan Program?

April 26, 2017loan Perkins program

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What is the Perkins Loan Program?

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The Perkins Loan Program is a campus-based federally funded revolving loan program. A federal Perkins Loan is a low interest rate (5%) loan for both undergraduate and graduate students with exceptional financial need. The College receives an annual allotment each academic year which the school distributes to students based on need. The Office of Financial Aid determines if a student qualifies for a Perkins Loan and the amount he or she qualifies for.