Carl D. Perkins Federal Loan
The Carl D. Perkins loan is a low fixed interest rate of 5%, which is administered by Keystone College's Financial Assistance & Planning Office during the financial aid packaging process. This loan is for Keystone College students who demonstrate financial need. Keystone College is the lender and the loan is made with federal funding. Any student awarded a Perkins Loan must complete the required paperwork when requested by the Student Business Services Office prior to the funds being credited to the student's account.
You must repay this loan; repayment begins nine months after graduation, withdrawal, or change to less than half-time status (below 6 credits). Interest accrues beginning in the tenth month after the student ceases to be enrolled on at least a half-time basis. The maximum repayment schedule is ten years.