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Student and Parent Loans
Federal Perkins Loan
Undergraduate U.S. Citizens and Permanent Residents
 
Apply for this Loan
Complete Penn's financial aid application process
 
About this Loan
Description A federal loan awarded by Student Financial Services
Funds are limited and supplement Federal Direct Loans
Eligibility
Requirements
Financial need as determined by Student Financial Services Contingent upon maintaining academic progress
Amount Annual maximum is $5,500; maximum aggregate is $27,500
Interest Rates 5%
Fees None
Repayment
9 month grace period after graduation or withdrawal
Partial cancellation for nurses employed full-time and providing health care services
Disbursement
Sign your loan note through E-Sign online
Funds are disbursed after the Promissory Note and accompanying disclosure documentation are signed
 
NSLDS Access:  NSLDS is the U.S. Department of Education’s central database for Title IV student aid.  Inquiries can be made to this website for Title IV loans (Direct and Perkins) and/or Pell grants.  The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements.  In order to use the NSLDS Student Access website, you will need to login with your FSA ID username and password.  If you do not have a username and password, you can create one on the site. 

The URL is https://nsldsfap.ed.gov/nslds_FAP/.   

 

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