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Federal Perkins Loan Summary

The Perkins Loan is a federal loan offered as part of a financial aid package for undergraduate, graduate and professional students.

The chart below provides a partial list of the terms and conditions for the Federal Perkins Loan:
  • General Information
  • Interest Rates
  • Repayment Information

Since these details vary by origination date and exact loan type, borrowers should refer to their promissory note for the actual terms and conditions for their loans.
Interest Rate Information
Rate type
Fixed
Current rates
5%
Accrual
Time period
  •   In school: No
  •   In grace period: No
  •   In deferment: No
  •   In forbearance: Yes