Under federal law, the authority for schools to award Perkins Loans ended on September 30, 2017.

School Contact

Sherri Hughes
Student Loan Specialist
(434)223-7086

Loan Servicer

UNISA
P.O. Box 4385
Englewood, CO 80155
(800)875-8910
www.unisainc.com

Deferment of Loan Repayment

Under certain conditions, you may apply for a deferment of your Federal Perkins Loan. Deferment options include:

  • In-school Deferment
  • Graduate Fellowship Deferment
  • Rehabilitation Training
  • Seeking Full-time Employment Deferment
  • Economic Hardship Deferment
  • Concurrent Deferment
  • Hardship Deferment (available only for loans made before July 1, 1993)
  • Service comparable to the Peace Corps/ACTION Volunteer Deferment
  • Temporary Total Disability Deferment
  • Internship/Residency Deferment
  • Parenting Deferment (available only for loans made before July 1, 1993)

Cancellation of Loan Repayment

Under certain conditions, you may apply for cancellation of your Federal Perkins Loan. Cancellation provisions include:

  • Death
  • Total and permanent disability
  • Teaching
  • Early Intervention Services
  • Law Enforcement or Corrections Officer
  • Nurse or Medical Technician
  • Child or Family Service Agency
  • Headstart
  • Military
  • Volunteer Service

Exit Interview

A student who has borrowed a Federal Perkins Loan must have an exit interview before leaving Hampden-Sydney or in the event they register less than half time (less than six credit hours).

Default

If you fail to make a scheduled payment when due, the school can declare your Federal Perkins Loan to be in default. You must submit a deferment and/or forbearance request on or before the due date of your scheduled payment. If you default on a Federal Perkins Loan and the school is unable to collect, it will harm your credit rating and the federal government may take action to recover the loan. You cannot receive further financial aid if you are in default.