Federal Perkins Loans | Financial Aid

The Federal Perkins Loan Program has been extended through September 30, 2017.

General information

• Federal loan program for students who demonstrate exceptional need based upon the FAFSA
• Funding is limited
• No interest accrues while student is enrolled at least half time
• One nine-month grace period after the student is no longer enrolled half time before repayment begins
• Standard repayment is 10 years

Annual maximum: Up to $2,000

Cumulative maximum total debt: $20,000 for undergraduate study

Interest rate: 5%

Exit counseling

• Federal regulations require students to complete this once you graduate from Carroll or your enrollment drops below half time status
• Provides the borrower with important information regarding your rights and responsibilities as a borrower
• Assists you on how to manage repaying your student loans and what you can expect
• Complete on line at uasconnect.com