Eligibility is based on financial need. Interest on this loan is paid for by the government while the student is in school. An application for this loan will be sent to you in the financial aid packet. Eligibility is NOT based on financial need. However, federal regulations require students to first apply for a Federal Stafford Student Loan before they can apply for the Unsubsidized Federal Stafford.
Interest is accrued and capitalized while the student is in school.
An application for this loan will be sent to you with your packet. This loan is restricted to first and second year students in good academic standing. Students who file a Free Application for Federal Student Aid that demonstrate financial need will automatically be considered for the Federal Perkins Loan. External Alternative Loan Programs Full-time medical students are eligible to borrow additional aid to cover their budget from various loan programs. Eligibility is determined by the Free Application for Federal Student Aid packet.