Federal Perkins Loan
There are limited Federal Perkins Loan funds available to students with exceptional financial need.
The Federal Perkins Loan has a 5% annual interest rate with a 10-year repayment period. No interest accrues on this loan while you are enrolled in college at least half-time. Payments of interest and principal begin 9 months after you are no longer enrolled at least half-time. For more information on the Federal Perkins Loan visit studentaid.ed.gov.
Perkins Loan Authorization Instructions
If you have been awarded a Perkins Loan, please follow these steps to accept the award:
- Log on to theROCK (only students can log in to theROCK with their username and password)
- Select "Finances" tab
- Select the "Financial Aid Awards', then select Aid Year, and Submit
- Select "Accept Award Offer" tab to accept, change, or decline loans.
- Finally, if you are a new Perkins Loan borrower, you must complete Perkins Entrance Counseling and you must complete the Perkins Master Promissory Note (available in the Financial Aid Office).