Federal Perkins Loan Program

A federally funded need based loan program administered by the University. Perkins loans are for educational expenses and have a 5 percent annual interest rate (which begins accruing nine months after the student ceases to be a student at least half time). 

Repayment starts nine months after leaving Stritch, and the loan must be paid in 10 years unless extended by certain types of deferments. The Perkins loan comes from a revolving fund. Prompt repayment allows Stritch to provide funds for other students needing financial aid.

Any federal student loans borrowed are submitted to the National Student Loan Data System (NSLDS) for required reporting purposes. This information is accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. The National Student Loan Data System (NSLDS) provides information on your federal loan amounts, outstanding balances, loan statuses and disbursements. You can access your loan information by going to NSLDS online.

Cardinal Stritch University adheres to the National Association of Student Financial Aid Administrators code of conduct.

More information on the Federal Perkins Loan Program can be found at http://www2.ed.gov/programs/fpl/index.html.