Federal Perkins Loans

Important Notice: The Federal Perkins Loan is set to expire on September 30, 2017. See Additional Eligibility Criteria for 2015-16 through 2017-18 Award Years below for more information.

The Federal Perkins Loan program is a Federal Campus-Based program and as such has limited funding. This loan program is administered at the University level and funds borrowed under this program are repaid to the UGA Student Accounts office.

Student eligibility for the Federal Perkins Loan is based on Estimated Financial Need as determined by the Financial Aid Application Process.  Otherwise eligible students cannot have an adverse credit/payment history with the University.

Federal Perkins Loans are awarded subject to the Priority Consideration Dates for Need Based Limited Funds.

Federal Perkins Loan repayment begins nine months following graduation, or enrollment on less than a half-time basis or after leaving school. There is no interest charged until the student enters repayment, then interest accrues at 5% per annum during repayment.

Students who have been awarded and accepted a Federal Perkins Loan in Athena must complete and sign a Federal Perkins Loan Promissory Note and/or Disclosures which they can do on-line. Students will be sent an e-mail to their UGA E-mail account from Educational Computer Systems, Inc. (ECSI) on behalf of the UGA Bursar's Office instructing them how to complete the on-line process. Perkins Loan funds cannot be disbursed until all the requested electronic documents are accurately completed.

Undergraduate students are limited by federal regulations to a cumulative $11,000 in Federal Perkins Loans until 60 semester hours have been earned and then are limited to a $27,500 cumulative loan limit. Graduate students are limited to $60,000 in cumulative Perkins Loans as an undergraduate/graduate.

Additional Eligibility Criteria for the 2015-16 to 2017-18 Award Years Effective December 18, 2015

Undergraduate Students

Important Note: The Federal Perkins Loan is set to expire on September 30, 2017.

Graduate Students

Important Note: The 2016-17 Award Year is the last year the Federal Perkins Loan Program will be available to Graduate Students.

  • Graduates:

    To be considered for the Federal Perkins Loan, any otherwise eligible current graduate students:

    • Must have received a Federal Perkins Loan prior to October 1, 2015, and
    • Must have received their most recent Perkins Loan for enrollment in an academic program at UGA, and
    • Must still be in the same academic program they were when they received their most recent Perkins Loan, and
    • The first disbursement of an awarded 2016-17 Perkins Loan must be made prior to October 1, 2016.