• APPLY:  For Financial Aid

  • Getting & Keeping Aid
  • Rates & Cost Calculator
  • Learn about Scholarships
  • Financial Aid Forms
  • Check Your Aid Status

• EXPLORE:  Types of Aid

  • Scholarships
  • Grants
  • Loans
  • Federal Work-Study
  • Summer & Other Aid
  • Aid FAQs

• MANAGE:  Your Money

  • Financial Literacy – Cash Course
  • Financial Aid Scenarios
  • Community Financial Health Series: College Goal
  • Financial Aid Speaker’s Bureau

• • Scholarships
    • How to Apply for Scholarships
    • For Freshmen
    • For Current Students
    • For Non-Traditional, Returning or Transfer Students
    • Online Scholarship Search Engines
    • Tips for Applying
    • More Tips for Applying
    • External Scholarship Information
    • Additional Scholarship Opportunities
    • Scholarship Listing
  • Grants
    • Grants Available with FAFSA
    • State Scholarships and Grants that Require Other Applications
  • Loans
    • Loans
    • » Federal Perkins Loans
    • Federal PLUS Loans
    • Federal Stafford Direct Loans
    • Student Loans
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    • Private Loans
  • Federal Work Study
    • Work Study
    • For Students
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  • Summer & Other Aid
    • Other Aid (Veterans, Consortium, Online & Distance, AmeriCorps, Study Abroad)
    • Summer Aid (How to Apply)
  • Aid FAQs

Federal Perkins Loans

This loan program is based on need and availability. Financial need is determined by completing the FAFSA and is required. The interest rate on these loans is 5% and repayment begins 9 months after the student leaves the university. Interest does not accrue while you are an enrolled student. A Master Promissory Note is required for the Perkins loan before disbursement. You will be sent an email directing you to a Web site to complete the Promissory Note through the Student Loan Administration.

• Sign Perkins Promissory Note & complete Perkins Counseling

At this session you will:

1. Complete your Entrance Interview Questionnaire.
   • Review your student loan Rights & Responsibilities.
2. Review and sign your student loan promissory note.
3. Print your signed promissory note.
4. Read counseling summary and links to other helpful websites.

Steps for Perkins Loan Borrowers after Leaving University

• Students Must complete Perkins Exit Counseling if they drop below part time enrollment.  https://iuexit.uasexit.com/