Federal Perkins Loan
The Federal Perkins Loan is a long-term low interest loan, available to eligible undergraduate students, administered by the University’s Office of Financial Aid contingent upon the availability of funds and the amount of other financial assistance received by the student. Students must submit the FAFSA, meet the same program eligibility requirements as described for the Federal Stafford Loan Program, and demonstrate an exceptionally high financial need. The interest rate is a 5% fixed rate and interest and repayment begin 9 months after the borrower graduates, drops below half-time enrollment or otherwise separates from the University.
The Federal Perkins loan is managed by a third-party billing service called ECSI. If your award includes a Perkins Loan, you must complete an Entrance Loan Interview, and a Master Promissory Note (MPN), by visiting their website at https://www.ecsi.net/proms7.html
Please do the following prior to completing this process.
- Confirm that you have been awarded a Federal Perkins Loan as part of your Financial Aid Award Package.
- Have your Department of Education PIN available.
- Review disclosure information posted on ECSI’s website and begin the electronic signature process for the Federal Perkins Loan MPN.
Failure to complete these requirements will result in the cancellation of your award. You must be enrolled at least half-time to receive this loan.
To submit your Perkins Loan forms electronically, please select the form you need to submit below.
Federal Perkins Loan Master Promissory Note (MPN)
Federal Perkins Exit Loan Interview