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Federal Perkins Loan Program

The Federal Perkins Loan Program has been discontinued due to the lack of federal funding. 

Information for prior Perkins Loan borrowers please see below. 

A Perkins Loan is a low-interest federal loan, administered by FIT and awarded to students with exceptional financial need. Repayment begins nine months after graduation or withdrawal from college.

Borrowing Amount: Varies
Current Interest: 5.0%
Fees: None
Deferral: Principal and interest.

If you have been offered a Federal Perkins Loan, you must complete a Perkins Loan Entrance/Exit Interview and sign and return a promissory note to the Office of the Bursar at

Fashion Institute of Technology
Bursar Department
227 W 27 St, Rm 333/15
New York, NY 10001

You must begin to repay your loan nine (9) months after you graduate, leave school, or drop below half-time enrollment status.

Federal Perkins Loan Forms