What is a Federal Perkins Loan?
The loan is a need-based, long-term, low-interest, fixed-rate loan. The loan is partially funded by the government and by the University of St. Thomas. The loan is governed by federal regulations set by the Department of Education. This is a Title IV Program. St. Thomas is the lender and administrator of this loan program. The loan must be repaid. The borrower may be allowed up to ten years or a minimum monthly payment of $40.
How Do I Apply for a Perkins Loan?
Complete the Free Application for Federal Student Aid (FAFSA)http://www.fafsa.ed.gov/index.htm. The Office of Student Financial Aid will award the loan based on your need.
If I Have a Question About My Loan, Who Do I Call?
For more information, check out the links on the right or contact the University of St. Thomas Federal Perkins Loan Office at (651)962-6610, or 1-800-328-6819 ext. 26610, or by fax at (651) 962-6630.