Sources of Aid

Federal Perkins Loan Program
This federally funded loan program generally allots students between $2,000 - $4,000, up to a program maximum of $6,000 annually. However, due to limited funding for this program, the amount of this loan depends upon student eligibility and the availability of funds. In order to qualify, students must be enrolled full-time and demonstrate financial need and eligibility according to federal guidelines.

The interest rate for the Perkins Loan is fixed at 5% and does not begin to accrue interest until the student has entered repayment. Repayment begins 9 months from the date of graduation or sooner if the student becomes enrolled less than half-time or withdraws from school. Also, as a great benefit to social workers, students pursuing careers in the public or non-profit sector are often exempt from paying back this loan under current federal legislature. Contact the Financial Aid Office for details.

Loan Cancellation Provisions

Health related
*Death
*Total permanent disability

Service Related
*Teaching
In school serving students from low income families.
Special education students, infants, toddlers, children or youth with disabilities
In fields of math, science, foreign languages or bilingual education, or
other teacher shortage fields.
*Nurse or medical technician
*Qualifying law enforcement or corrections officer
*Qualified professional provider of early intervention services: provider
of services to high risk children from low income communities
*Peace Corps or ACTION volunteer: Head Start staff member
*Full time active duty military service in area of hostility