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United States - Apply for Federal Perkins Loan


Procedure

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Get in touch with your school's financial aid office to see if your school participates in the Federal Perkins Loan Program and how you can apply for a loan.

Your school is the lender; you will make your payments to the school that made your loan or your schools loan servicer.





Required Documents

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List down the documents required for successfully completing the procedure.

e.g.
1. Proof of child birth from the Hospital.






Office Locations & Contacts

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Federal Student Aid Information Center:

  • information about federal student aid programs
  • help with completing the Free Application for Federal Student Aid
  • general information about your current federal student loans


Federal Student Aid Information Center (FSAIC): 1-800-4-FED-AID (1-800-433-3243)
TTY (for the hearing impaired): 1-800-730-8913
Locations without access to 800 numbers: 319-337-5665
Spanish speakers are available (se habla espaol).
Website


Call Center Hours:

  • MondayFriday: 8 a.m.11 p.m. Eastern time (ET)
  • Saturday: 8 a.m.5 p.m. ET
  • Sunday: Noon6 p.m. ET





Eligibility

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You may be eligible for a Perkins Loan if you are

  • an undergraduate, graduate, or professional student with exceptional financial need;
  • enrolled full-time or part-time; and
  • attending a school that participates in the Federal Perkins Loan Program.




Fees

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Explain the fees structure which is required for obtaining the certificate/document.




Validity

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Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever




Documents to Use

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Please attach documents that can be used by people. e.g. links





Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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Please explain processing time taken in obtaining the document/certificate.




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Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	





Instructions

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Before applying: Not all schools participate in the Federal Perkins Loan Program. You should check with your school's financial aid office to see if your school participates.


Loan Amount: The amount you can borrow depends on your financial need, the amount of other aid you receive, and the availability of funds at your college or career school. You should apply for federal student aid early to make sure you are considered for a Perkins Loan. Keep in mind that due to limited funds, not everyone who qualifies for a Perkins Loan will be able to get one.

If you are an undergraduate student, you may be eligible to receive up to $5,500 a year. The total you can borrow as an undergraduate is $27,500.

If you are a graduate or professional student, you may be eligible to receive up to $8,000 per year. The total you can borrow as a graduate student is $60,000, which includes amounts borrowed as an undergraduate.




Required Information

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A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.





Need for the Document

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The Federal Perkins Loan Program helps undergraduate and graduate students with exceptional financial need by providing money for college or career school.

Following is a procedure on how you can apply for a Perkins Loan.




Information which might help

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Receiving your loan: The school will apply your loan funds to your school account to pay for tuition, fees, room and board, and other school charges. If any loan funds remain, your school will issue you a refund to help pay for your other education expenses.


Paying your loan: Other than the 5% interest for the loan, you will not be required to pay other charges. However, if you skip a payment, if your payment is late, or if you make less than a full payment, you might have to pay a late charge plus any collection costs.




Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.





External Links

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  • Federal Student Aid - Website:
https://studentaid.ed.gov/types/loans/perkins
  • U.S. Department of Education - Website:
http://www2.ed.gov/programs/fpl/index.html




Others

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More information which might help people.




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