The Student Financial Aid Office mails an award notification to each student after all required documents have been received and the financial aid application has been processed. The award notification indicates types and amounts of aid offered. Students must either accept or decline each award offer and return the Reply Copy to the Student Financial Aid Office within 21 days. The Student Financial Aid Office will notify you if you have been selected to submit income documentation. A complete text of this policy is available from the Student Financial Aid Office.
Interest is subsidized by the federal government.
The student is responsible for the interest which accrues on the loan and has the option to either pay the interest while in school or defer payment of the interest until principal payments begin six months following graduation. Students requiring less than an academic year to graduate will have eligibility prorated in accordance with federal regulations. Federal Perkins Loans are offered to eligible full-time students. These funds are awarded in classification order. Typically all funds are exhausted after freshmen and sophomore classes are awarded.