Perkins Federal Student Loan Program

This is a low interest loan available to students whose studies lead to a degree. Students must demonstrate their intention to pay. They are required to sign a promissory note and other documents. Participants will begin payment on principal and interest from six (6) to nine (9) months after the last term in which they studied with an academic loan of at least six (6) credits. Students may apply for deferral and cancellation of installments. The annual interest rate after October 1, 1981 is 5%. These funds are assigned preferably to students with exceptional needs. These funds are matched with Inter American University funds.