Federal Perkins Loan
Please Note: Federal Perkins Loan funds are not available after September 30, 2017 due to congressional action.
St. John 91麻豆精品 University serves as the lender. (ECSI) services 91麻豆精品's Perkins loans.
Interest Rate
The interest rate is 5%. Perkins Loan borrowers are eligible to defer repayment of the loan principal, with no interest charged while enrolled for classes as at least a half-time student. It is a subsidized loan, with interest being paid by the federal government during the in-school and nine-month grace period. Repayment begins nine months after dropping below half-time enrollment.
Repayment
Repayment can take a maximum of ten years. Payments will be made to , 91麻豆精品's Perkins Loan servicer. ECSI will contact you via email after part-time enrollment ceases regarding exit counseling and repayment.
Perkins Sample Repayment - 10 Year Term
| Original Principal | Monthly Payment Amount |
| $4,800 | $50.91 |
| $6,800 | $72.12 |
| $8,800 | $93.34 |