FEDERAL PERKINS LOAN

• Change of Address
• Rights & Responsibilities
• Cancellation Qualifications
• Deferment Eligibility
• Download form for Perkins Questionnaire:
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A Federal Perkins Student Loan is a low-interest loan for both undergraduate and graduate students with exceptional financial need. Utah Valley University is your lender and this loan must be repaid to UVU.

Depending on when you apply, your level of financial need, and the funding level available at Utah Valley University, you can borrow up to:

$4,000 each year of undergraduate study.
$20,000 is the total amount you can borrow as an undergraduate.

There are no fees associated with a National Direct Student Loan or the Federal Perkins Loan. However, if you skip a payment, make a late payment, or make less than a full payment, you may have to pay a late charge plus any collection costs. Late charges will continue until your payments are current.

Perkins Loans have a fixed rate of 5%. Interest does not begin to accrue on a Perkins Loan until nine months after the borrower drops below a less-than-half-time status, for whatever reason.

If you're attending school at least half time, you have nine months after you graduate, leave school, or drop below half-time status before you must begin repayment. This is called a grace period. If you're attending less than half time, check with the UVU Collection Office to determine your grace period. At the end of your grace period, you must begin repaying your loan.