Federal Perkins Loan

Low-interest loans for students with exceptional need

Federal Perkins Loans are available to any undergraduate, graduate, or professional student whose FAFSA shows exceptional financial need and who meets satisfactory academic progress standards. You’re automatically considered for this loan if you submit your FAFSA by the priority deadline each year.

The Office of Student Financial Services at IU Fort Wayne determines loan amounts, and IU’s Student Loan Administration handles the promissory note, entrance and exit counseling, and repayment process for Federal Perkins Loans.

If you’ve been approved

After your Federal Perkins Loan is approved, the Student Loan Administration will contact you at your university email address and on your To-Do List to notify you to sign your promissory note. Complete the process as soon as you can to avoid a delay in your funding.

Sign your promissory note

Don’t forget about your exit interview

You’ll be required to go through exit counseling when you’re scheduled to graduate from IU Fort Wayne or drop below half time. An exit interview is your opportunity to review the amount of your loans and rights and responsibilities in repaying these loans.

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