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Federal Perkins Loans

Federal Perkins loans are low-interest subsidized loans.  Subsidized means the government pays the interest on the loan as long as the student is enrolled at least half-time.  Since funding is limited, Perkins loans are usually awarded on a first-come, first-served basis to eligible students with high financial need who file a FAFSA by March 1.

Borrower:   Student

How to Apply:  Complete the The Free Application for Federal Student Aid (FAFSA) by March 1

Enrollment Requirements:   Students must be enrolled at least half-time in federal aid-eligible courses.

Additional Requirements:  

Funds cannot be disbursed to the student's account until all requirements are complete.  If a student is offered a Federal Perkins Loan as part of their financial aid offer, they must:

  1. Accept the loan.
  2. Students will receive a notification to their student MIX email within one week of accepting the Perkins Loan from Heartland/ECSI with instructions on how to complete a promissory note at   Please note the Federal Loan Agreement (Master Promissory Note) for Subsidized and Unsubsidized Loans is different than the promissory note required for the Perkins Loan.

Quick Facts: