Perkins Loan

This is a federally funded loan administered by UT. The interest rate is 5 percent. Students make no payments while they are enrolled in school, and they have up to 10 years to repay the loan after they leave school. By completing the FAFSA, students are applying for Perkins Loan consideration. Limited funds are available.

The federal Perkins loan program is scheduled to end on Sept. 30, 2017, though schools will be permitted to disburse loans in the 2017-18 academic year if the loan is first disbursed on or before Sept. 30, 2017. 

Perkins loan entrance counseling and a master promissory note are required prior to loan disbursement. The Bursar's office will contact students via email with instructions to complete these online around the time classes begin.