| 
If your financial aid package includes a Federal Perkins loan:
Step 1: Understanding the Federal Perkins Loan
- Federal Perkins loans are available to students with higher need.
- There are no fees, and interest does not accrue while you are enrolled at
least half time.
- Upon graduation, leaving school, or entering less-than-half-time status,
you enter a nine-month grace period.
- After the grace period, interest is charged at 5% and regular payments on
the loan must be made.
- You may borrow up to $4000 per year under this program.
Step 2: Obtaining Your Loan
- If a Federal Perkins loan has been awarded to you, you may complete a Federal Perkins
loan entrance counseling
online. Entrance counseling ensures that you understand your rights and responsibilities
as a borrower.
- Upon arriving on campus, you will be asked to sign a promissory note for
the loan.
Step 3: Follow-up
- Upon graduation (or leaving school or entering less-than-half-time academic
status), you will be notified by e-mail on how to complete loan exit counseling.
University Accounting Service, LLC, services all Bethany Federal Perkins loans.
|
