NEWS & EVENTS
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Federal Perkins Loans
  • About the Perkins Loan

    • Federally funded low-interest loan awarded to traditional undergraduate students based on exceptional financial need and the availability of funds.
    • Loan is borrowed from Capital University using funds from the federal government and from the repayment of loans by Capital University graduates.
    • Interest rate on a Federal Perkins Loan is five (5%) percent.
    • Repayment of a Federal Perkins Loan begins nine (9) months after a student graduates, falls below half-time enrollment or leaves school.

     

    All students who have been awarded a Federal Perkins Loan will need to complete an Entrance Interview and a Promissory Note before actual loan funds can be credited to their accounts.

     
    For all students, notification will be sent to you when Promissory Notes are available for signing. Students must complete a Federal Perkins Note each year they are awarded funds.

    New Perkins Borrowers

    Your actual Federal Perkins Promissory Note will be prepared for you after you complete the Entrance Counseling session.

     
    This Note will be ready for your signing during Fall Orientation.

    Returning Students

    Your Promissory Note will be prepared and ready for signing once you return to campus during the start of the semester.

     
    If you have questions please contact us immediately toll free at 866-544-6175 or at 614-236-6511.

    Repayment Information

    Repayment of a Federal Perkins Loan begins nine (9) months after the student graduates, falls below half-time enrollment or leaves school.

     
    Federal Perkins Loan borrowers will be required to complete a Federal Perkins Loan exit interview when they graduate or leave school. This exit interview will provide more information about their repayment options, deferments, cancellations provisions, etc.

     
    To estimate your Federal Perkins Loan repayment schedule and amount, use the Perkins Loan calculators available here.