Eligibility for the subsidized portion must be determined prior to the unsubsidized portion, and the student is responsible for the interest on the unsubsidized portion, which begins to accrue at the time of disbursement. The student may or may not elect to defer this interest while in school at least half-time. A student who is eligible for a reduced amount on the subsidized Stafford loan may receive the balance through the unsubsidized Stafford loan. The combination of the subsidized and the unsubsidized may not exceed the annual and aggregate loan limits on the Federal Stafford Loan program. The amount awarded to individual students depends on federal allocations to the institution and the student's financial need.
Interest begins to accrue when repayment starts.
All students awarded are required to complete a Perkins loan entrance interview packet before the funds can be authorized for disbursement. Failure to complete this information will result in the award being cancelled. Perkins loan recipients are also required to complete a Perkins exit interview in the Pendleton Business Office prior to graduation or termination of study. It is the responsibility of each loan recipient to schedule this interview before leaving campus. Hourly pay rates vary depending upon the individual employer and type of work performed.