NEWS & EVENTS
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Federal Perkins Loans
  • About the Perkins Loan

    • Low-interest loan awarded to traditional undergraduate students based on exceptional financial need and the availability of funds.
    • Loan is borrowed from Capital University using funds from the repayment of loans borrowed by Capital University graduates.
    • Interest rate on a Federal Perkins Loan is fixed at five (5%) percent.
    • Repayment of a Federal Perkins Loan begins nine (9) months after a student graduates, falls below half-time enrollment or leaves school.

     

    All students who have been awarded a Federal Perkins Loan will need to complete an Entrance Interview and a Promissory Note before actual loan funds can be credited to their accounts.

     
    For all students, notification will be sent to you when Promissory Notes are available for signing. Students must accept their Perkins Loan each year they are awarded funds.

    New Perkins Borrowers

    Your actual Federal Perkins Promissory Note will be prepared for you by University Accounting Services, our third-party loan servicer.  You will receive an e-mail with a link to the Note once it is ready for your electronic signature.

    Returning Students

    You will receive an e-mail when it is time to accept your loan for the upcoming school year.

     
    If you have questions please contact us immediately toll free at 866-544-6175 or at 614-236-6511.

    Repayment Information

    Repayment of a Federal Perkins Loan begins nine (9) months after the student graduates, falls below half-time enrollment or leaves school.

     
    Federal Perkins Loan borrowers will be required to complete a Federal Perkins Loan exit interview when they graduate or leave school. This exit interview will provide more information about their repayment options, deferments, cancellations provisions, etc.

     
    To estimate your Federal Perkins Loan repayment schedule and amount, use the Perkins Loan calculators available here.