Federal Perkins Loan

A Federal Perkins loan is a special low interest (5%) loan for students with exceptional financial need.

Eligibility

• Enrollment at least half-time in a degree program.
• U.S. citizenship, permanent residency, or eligible non-citizen status.
• Satisfactory academic progress.
• No unresolved defaults or overpayments owed on Title IV education loans and grants.
• Satisfaction of all Selective Service requirements.

The U.S. Department of Education provides a programmed amount of funding to Florida College. We then determine which students have the greatest financial need. We combine federal funds with some of our own funds for loans to qualifying students.

To apply for this loan program, you must submit the Free Application for Federal Student Aid (FAFSA).

Florida College will pay you directly or apply your loan to your school charges. You'll receive the loan in at least two payments during tthe academic year.

Perkins loans share many of the characteristics of subsidized Stafford loans. The most notable differences are no fees and a longer grace period.