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/.