What is a Federal Perkins Loan?
A Federal Perkins Loan is a low-interest (5 percent) loan for undergraduate students with financial need. Westminster College is the lender. The loan is made with government funds with a share contributed by the school. You must repay this loan to Westminster College.
When do I pay back this loan?
If you’re attending school at least half time, you have nine months after you graduate, leave school, or drop below half time status before you must begin repayment. This is called a grace period. If you’re attending less than half time, check with your Perkins Loan Coordinator to determine your grace period. At the end of your grace period, you must begin repaying your loan. You may be allowed up to 10 years to repay.
For more information on signing your promissory note or setting up a repayment plan, contact the Perkins Loan Clerk, Jennifer DeSantis at 724-946-7159 or Email