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 are considered for a Federal Perkins Loan automatically; however, once you have been offered the loan, you must complete a Perkins Loan Entrance Interview and sign and return a promissory note to the Office of the Bursar. (see below)
You must begin to repay your loan nine (9) months after you graduate, leave school, or drop below half-time enrollment status.
Entrance and Exit Counseling
FIT Office of the Bursar
227 West 27th Street, Room 333/15
New York NY 10001
Previous borrowers of Perkins Loans at FIT are required to download and complete a promissory note and return it to the address above.
Prior to graduation or leaving school, borrowers must complete an online Exit Interview.