In order to be eligible for the Federal Perkins Loan a student must complete the Free Application for Federal Student Aid (FAFSA). Once the FAFSA has been completed the JCU Office of Financial Aid will mail an award letter to the student. If the financial aid award letter includes a Federal Perkins Loan, the student must complete the required Perkins Loan application each year, as well as a Master Promissory Note (MPN). The Perkins Loan has a fixed interest rate of 5 percent and offers students a nine-month grace period in terms of repayment. Perkins exit counseling is conducted by ECSI once a student graduates or enrolls less than half time.
Perkins information cannot be faxed, as signatures must be original.