Federal Perkins Loan

Federal Perkins Loans are low-interest loans awarded to undergraduate students with exceptional financial need. Students will automatically be considered for the Federal Perkins Loan by completing the FAFSA.

no payments, no interest while in school
fixed 5 percent interest
9 month grace period following graduation
requires at least half-time enrollment

The loan amount will vary based on a student's level of need and available funding. Awards generally range from $400 to $2,000 per academic year. The loan will be applied directly to the student's account after the Promissory Note has been signed and the student has completed Perkins Loan Entrance Counseling. Questions on the Federal Perkins Loan may be directed to 801.832.2129.

Borrowers in repayment may make payments directly to the Westminster College cashier 801.832.2135 or mailed to Westminster College Attention Perkins Loan.

Payments, automatic payments, deferments, and other requests can be handled by the servicer ACS 800.826.4470 ex. 2826 or online at the Borrower Services center on their website and logging in.

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