Perkins Loan

Eligibility


Award is based on Financial Need

Funds are limited and are awarded first-come first served. 

Terms and Conditions

Interest Rate

  • Rate is 5%
  • Interest is deferred until the beginning of the repayment period

Awards

  • Yearly awards up to $4000, with a cumulative maximum of $40,000 for graduates (including undergraduate accumulation)

Repayment

  • Repayment begins nine months after the borrower graduates, leaves school, or drops below half-time status.
  • Repayment period up to 10 years
  • Repayment can be be deferred or canceled under certain conditions. Contact the Perkins Office for more details at: 715-232-1657

Other Information

  • Allows for cancellations of all or part of the loan in return for certain types of teaching or service. Please visit The Student Guide (US Department of Education) for more detailed instructions
  • Current borrowers can access specific loan information, forms, tax information and other links here: ECSI

Master Promissory Note (MPN)

It is necessary for the borrower to complete a master promissory note. 

This link will take you to Access Stout. Sign in, click on "Financial Information (Fall '09 and beyond) and follow the instructions for completing the MPN. Only students awarded Perkins loan will have this form available.