Perkins Loans

Perkins Loan is a need-based federal loan that awarded to students who have exhausted all other means of financial aid. Repayment begins nine months after graduation, upon withdrawal from the university, or when a student is no longer enrolled at least half-time. Interest accrues at an annual rate of 5% during repayment. The minimum monthly payment for a Perkins Loan is $40.00. Late fees are assessed on past due payments. Your loan balance and repayment history are reported monthly to National Credit Bureaus in accordance with federal regulations.

After a student is awarded a Perkins Loan, a master promissory note must be completed. To execute a Perkins master promissory note, go to A properly executed promissory note is required before the loan is disbursed. You will need your FSA ID to complete your promissory note.

Upon graduation, withdrawal from the university, or when a student drops below half-time status, students are required to complete an exit interview. To complete an exit interview, go to An FSA ID is need to complete your exit interview. If an exit interview is not completed, a hold will be placed on the student record. This hold will restrict access to grades, academic transcripts, future registration and graduation.

Repayment can be deferred if you are enrolled at least half-time at an eligible institution and for performance of certain services. To receive information regarding different types of deferments and cancellations, visit To make payments, monitor loans, or update profile, visit

If you need further assistance concerning your Perkins Loan, please call (478) 825-6522 or contact us at

Quick Links