Perkins loans are low-interest loans funded by the federal government and administered by the University of Denver. Your eligibility is determined using your financial aid application.
You must have submitted the FAFSA by the priority application deadline and have demonstrated financial need to be offered this loan. Because funding is limited, not all students who would otherwise be eligible will be offered a Perkins loan as a part of their financial aid package.
Important note for the 2016-17 academic year:
The U.S. Congress is ending the Federal Perkins Loan Program, and regulations prohibit us from offering this loan to new students beginning in the 2016-17 academic year. Only continuing students who borrowed a Perkins loan in 2015-16, and who are continuing in the same academic program for which the most recent Perkins loan was received, are eligible to receive it for 2016-17. For those students, the loan must disburse prior to October 1, 2017 in order to receive it for the rest of the academic year.
The Perkins loan will no longer be available to graduate and law students after the 2016-17 academic year.
Maximum Loan Amount:
$4,000 per academic year. The amount offered to you will depend on your financial need and the availability of funds.
5% fixed during repayment. No interest is charged while you are enrolled at least half time (4 credits or more) or during the nine-month grace period after you leave school. There are no other fees associated with this loan.
Requirements to Receive Loan:
You must complete and submit a Master Promissory Note to the Bursar's Office, complete entrance counseling through MappingYourFuture.org , and remain enrolled at least half-time (4 credits or more) to receive funds.
No payments required while in school. Repayment begins nine months after you graduate or drop below half-time enrollment. Payments are made to the DU Bursar's Office monthly. The minimum payment is $40, but that amount may be higher depending on the total amount borrowed.
The Perkins loan can be consolidated with other federal loans.
Learn more about the terms of the Federal Perkins loan through the Bursar's Office.