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%
Deferral: Principal and interest.
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