Federal Perkins Loan
Originally established in the 1950s, the Perkins program was one of the oldest student loan programs.
As of October 1, 2015 the Perkins Loan will no longer be awarded to new student borrowers. Currently enrolled students who have previously borrowed from the program may still be offered these loans as funds allow.
The Perkins Loan is administered by the College utilizing federal and institutional funds. It is a low-interest loan available to students with financial need. If you are eligible for this loan it will appear on your award letter.
Minimum repayment is $40 per month including 5% interest that begins to accrue nine months after the date the borrower ceases to be enrolled at least half-time and ends 10 years later. No interest accrues on the Federal Perkins Loan during the in-school and grace period. The repayment period may be extended during periods of in-school deferment, hardship, or forbearance. Visit the Student Business Services Office's website for more information about your Perkins Loan.
Borrowers are entitled to have up to 100% of the original principal loan amount cancelled if the borrower performs in a qualifying service in the areas listed on the promissory note. For more information visit the Federal Student Aid website to view the Federal Perkins Loan Cancellation and Discharge Summary Chart.
- Mailing Address:
Financial Aid Office
1600 Campus Road F-35
Los Angeles, CA 90041-3314
Arthur G. Coons
- Phone: (323) 259-2548
- Fax: (323) 341-4961
- Email: firstname.lastname@example.org