Federal Perkins Loan

Description:

AS DIRECTED BY THE U.S. DEPARTMENT OF EDUCATION, EFFECTIVE OCTOBER 1, 2017, SCHOOLS CAN NO LONGER AWARD FEDERAL PERKINS LOANS TO STUDENTS!

The Federal Perkins Loan was a Federal Campus-Based Program.  As a loan it is a form of non-gift aid that must be repaid.

This loan was awarded by the UGA Office of Student Financial Aid (OSFA) and outstanding loans are administered at the University level.

Funds borrowed under this program are repaid to the UGA Bursar’s Office.

Outstanding Perkins Loans are interest free until the student enters his or her repayment period, which begins 9 months after the student enrolls in fewer than 6 hours, or does not enroll, or graduates, then interest accrues at 5% per annum.

Amounts:

2017-18 Award Year:

  • The undergraduate student maximum Award Year amount was $5,500.
  • The minimum award amount was $100 per semester.

Eligibility:

Students Who Were Awarded the Perkins Loan for 2017-18 Must:

Enrollment status requirements are:

Important Dates for Limited Need-Based Funds Consideration:

Federal Perkins Loan awarding was subject to Important Dates for Limited Need-Based Funds Consideration.