Federal Perkins Loan

• Eligible students
  • Undergraduate or graduate students
  • Priority to exceptional need
• Maximum annual loan
  • $4,000 undergraduate students
  • $6,000 graduate/professional degree students
• Interest rate: 5%
• Nine-month grace period
• Repayment period may be up to 10 years
  • Minimum monthly payment: $40
• Deferment and cancellation provisions
• School contact (after enrollment): Shirley Robertson, 1-434-223-6308, srobertson@hsc.edu
• Servicer during repayment: ACS Education Services (formerly AFSA Data Corp.), 1-800-826-4470, www.acs-education.com
• Students who are borrowing Federal Perkins Loan for the first-time are required to complete entrance counseling. This requirement can be accomplished at the following website: http://mappingyourfuture.org/pe/.