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Federal Perkins Loans

The Federal Perkins Loan program was a low-interest federal student loan program for students with exceptional financial need that ended in September 2017. Under federal law, schools are no longer able to provide Perkins Loans to students.

Paying Back Your Perkins Loan

If you received Perkins in the past, you have nine months after you graduate, leave school, or drop below half-time status before you must begin repayment.

Important Information

  • Your loans will be serviced through HeartlandECSI.
  • Cancellation provisions are available in some situations which may, under certain circumstances, release the borrower from repaying the loan in full. The rate of cancellation is typically 15% for the first and second years, 20% for the third and fourth years, and 30% for the fifth year. However, rates can vary. Cancellation forms are available through HeartlandECSI.
  • Additional information on Perkins can be found on the Loan Repayment website (for WVU-specific information) or on the Federal Student Aid Perkins Loan website.