Federal Perkins Loans

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 funding is now very limited at the University because the U.S. Congress has not provided additional capital to participating colleges and schools in recent years and fewer students are in an active Perkins Loan repayment status.

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.

Per the Office of Student Financial Aid's institutional policy, the maximum per semester Federal Perkins Loan amounts are $2,000 for undergraduates and $3,500 for graduate/professional students. For the 2014-15 award year, otherwise eligible undergraduate students generally must have an Expected Family Contribution (EFC) less than or equal to $5,150 or less. Graduate and Professional students must have an EFC of $15,000 or less.

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.