Federal Perkins Loans/University Loans
Federal Perkins Loans and University Loans are low-interest loans generally awarded to freshman and sophomore students with financial need. The interest rate is fixed at 5 percent. Loan funds will be credited to the student account. To be eligible for the loan you must be enrolled full-time (at least 12 credit hours). Loan funds will be credited to the student account.
These loans must be repaid to the University. Repayment and interest charges are deferred for six months (nine months for the Federal Perkins Loans) after the student graduates or drops below half time enrollment.
Accept a Perkins Loan or University Loan
To accept the Perkins or University loan, complete section 5 on the back of your award letter, sign, and return it to OSFA. You are also required to complete an online Entrance Interview and an electronic Promissory Note before the funds will be disbursed to you.
