A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. The school is the lender. The loan is made with government funds with a share contributed by the school. Students repay this loan to the school. Depending on when the student applies, level of need and funding level of the school a student may borrow up to $4,000 for each year of undergraduate study up to a total of $20,000, $6,000 for each year of graduate or professional study to a total of $40,000, including Perkins loans borrowed as an undergraduate. Managing Agency Department of Education Program Contact Information & Web Resources To determine whether you are eligible to receive assistance through this program, you must first complete a Free Application for Federal Student Aid (FAFSA), which will calculate your effective family contribution. Schools use this information to determine your actual financial aid package.

You may complete the FAFSA online, through this website: http://www.fafsa.ed.gov

Additional useful information may be obtained from the U.S. Department of Education, at: http://www.ed.gov/topics/topicsTier2.jsp?&top=Financial+Aid&subtop=Finding+%26+applying

If you have questions about how to complete the FAFSA, you can call the Federal Student Aid Information Center (FSAIC) at this toll-free number: 1-800-433-3243

People who are deaf or hard of hearing may call this toll-free TTY number: 1-800-325-0778