Federal Perkins Loan

A Federal Perkins Loan is a low-interest loan for students with exceptional financial need.

General Information & Entrance Counseling

A Federal Perkins Loan is a low-interest loan for students with exceptional financial need. You are automatically considered for this loan if you submitted your Free Application for Federal Student Aid (FAFSA) by the priority deadline for the aid year (April 15 for returning students and March 1 for new students). Funding is limited, so please complete all documentation requirements on time.

The Federal Perkins Loans requires entrance counseling and a signed promissory note. You will be notified on or about mid July with information detailing how to complete these requirements. It is important you complete this process in a timely fashion to avoid a delay in these funds crediting to your student account for payment of eligible charges such as tuition and fees.

Please note: the Federal Perkins Loan Program Extension Act of 2015 ends the Federal Perkins Loan program on September 30, 2017. As such, funds are extremely limited and will not be available beyond this date.

Borrower Benefits

Borrowers receive the following benefits on the Perkins Loan:

  • 0 percent fees
  • Low fixed interest rate – 5 percent
  • Repayment begins nine months after graduating, leaving school, or dropping below half-time status.

Exit counseling is required for all students who have received a Federal Perkins Loan and who are schedule to graduate or will not be attending Rollins at least half-time. An exit interview is your opportunity to review the amount of your loans and rights and responsibilities in repaying these loans.

Office of Financial Aid

Mailing Address

1000 Holt Ave. – 2721
Winter Park, FL 32789

Physical Location

Rinker Building
View on Campus Map

T. 407.646.2395
F. 407.646.2173
finaid@rollins.edu

Hours

8:30 a.m. – 5 p.m.