Office of Scholarships and Financial Aid
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Federal Perkins Loan

The Federal Perkins Loan Program provides low-interest, subsidized loans to help needy students finance the costs of postsecondary education.  Financial need is determined by the U.S. Department of Education using a standard formula, established by Congress, to evaluate the financial information reported by the student on the Free Application for Federal Student Aid (FAFSA).

 

Interest Rate information

 
  • 5% Fixed Rate (interest FREE while attending school at least half-time)
  • 9 month grace period
  • Limited by school’s allocation of funding
 
 

Two Steps to Success

Show me how step by step

 

1. Accept your Perkins Loan

Find UAccess Student and click Student 

  • Log into Student  Look for Finances and then find Financial 
  • Click the applicable school year and the Federal Perkins 
  • Click Accept/Decline Awards
    •  You must enter the loan amounts you wish to accept for the entire school year

 

2. Complete the Federal Perkins Master Promissory Note (MPN)
  • At the time you accept the Perkins Loan, the system will prompt you to complete a Loan 
  • You Must E-Sign a new MPN for each new Perkins Loan.
 
 
 
 
 

Note:

You are not required to borrow and may borrow less than the amount offered. Only the loans and amounts you accept will be processed.

You may also decide to cancel a loan and have funds returned to the lender at a later time. A written, signed request (FAX, UA email) is required to cancel a loan that has been disbursed to your account. The immediate repayment of any account balance due is also required when a disbursed loan is canceled

   

 

  • Office of Scholarships and Financial Aid, P.O. Box 210066, Tucson, AZ 85721
  • Phone: 520.621.1858
  • Fax: 520.621.9473