No interest accrues on the loan and repayment does not begin until nine months after the student graduates or is no longer enrolled on at least a half-time basis. Perkins loans are administered through the Heinz School and funds are limited. A separate loan application is not required. To accept this award, the student must sign a promissory note in the Office of Student and Employer Services at the beginning of the fall semester.
Interest is subsidized by the federal government while the student is enrolled at least half-time.
Repayment of principal and interest begins six months after the student graduates or six months after the student is enrolled less than half time. Repayment of principal and interest begins six months after the student graduates or six months after the student is enrolled less than half time. The same fees that are charged for subsidized federal Stafford loans apply to unsubsidized federal Stafford loans. Borrowers are required to attend a brief entrance interview and information session before loan disbursement. Students must meet the academic progress guidelines of their program of study to be eligible for any type of federal financial aid.