Santa Clara University

Federal Perkins Loan

The Federal Perkins Loan is designed to assist students with low family incomes and exceptional financial need. It offers a lower interest rate and more generous repayment terms than the other federally-sponsored student loan programs.

Federal Perkins Loan

  • Need-based
  • 5.0% subsidized fixed interest rate
  • 9-month grace period
  • FAFSA required annually
  • Must complete Entrance Counseling & a Master Promissory Note (MPN)
  • Must meet satisfactory academic progress
  • Awarded to both full- and part-time students

Aggregate Limits

Maximum Annual Loan Amount
$5,500 (Undergraduate Students); $8,000 (Graduate Students)

Aggregate Lifetime Loan Limit
$27,500 (Undergraduate Students); $60,000 (Graduate Students)

Applying for the Federal Perkins Loan

When you apply for financial aid, you will automatically be considered for a Federal Perkins Loan. Funds are very limited and only students demonstrating exceptional financial need are offered a Federal Perkins Loan as part of their financial aid package.

If you have not previously borrowed through the Federal Perkins Loan program, you must complete an entrance counseling tutorial and submit a completed Perkins Loan Master Promissory Note (MPN) before funds can be disbursed to your student account. In order to complete the entrance counseling tutorial requirement and Master Promissory Note online.

Heartland ECSI Mailing Address
Santa Clara University c/o Heartland ECSI
181 Montour Run Road
Coraopolis, PA 15108-9408

Telephone 1-888-549-3274
FAX 1-888-291-5384

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