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Federal Perkins Loan Program

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

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

First time borrowers of Perkins Loans are required to complete an online Entrance Interview then download and complete a promissory note. The promissory note must be returned to:

William Martin
FIT Office of the Bursar
227 West 27th Street, Room 333/15
New York NY 10001
212 217.3734

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.

Change of Graduation Date (.pdf)
Forbearance Request (.pdf)
Federal Perkins Loan Promissory Note (.pdf)
In School Deferment (.pdf)
Unemployment Deferment (.pdf)
Economic Hardship Deferment (.pdf)