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.


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