ACCEPT MY FEDERAL PERKINS LOAN

The Federal Perkins loan is a low interest federal loan awarded to students showing significant financial need. The promissory note borrowers must sign explains the terms conditions, and deferments of the Federal Perkins Loan program. Eligibility and amount are determined annually based on federal criteria and availability of funds.

Federal Perkins loan funds must be applied toward educational expenses. Repayment arrangements must be made through the Office of Student Debt Management once the student withdraws, attends less than half time or graduates from Syracuse University. The annual percentage rate of a Federal Perkins Loan is 5%. There is a nine month grace period before repayment begins. The student is required to complete an exit counseling session prior to leaving Syracuse University. All Federal Perkins Loans are repaid to Syracuse University.

If you were awarded a Federal Perkins Loan as part of your financial aid package, you must complete the Federal Perkins Loan requirements. You will need to sign a Master Promissory Note (MPN). You will only need to sign one MPN during your career at Syracuse University. The MPN must be completed before the Federal Perkins Loan can be credited to your account at the Bursar’s Office

To accept this loan and have it apply toward your Fall Bursar bill, you must complete the following steps by June 2nd. You may still complete the loan process after June 2nd, however it will take up to 10 business days before your loan will appear as anticipated aid on your tuition account at myslice.syr.edu under 'View My Account.'

To accept your Federal Perkins Loan, complete the Master Promissory Note by reviewing the steps below and then click on the orange link at the bottom of this page.

(Please note: the following link directs you to a web site that has a Pop-up. If you currently have a Pop-up blocker on your computer, you will need to disable it in order to review the Perkins Loan information).