How to Apply Eligibility Requirements Notification Scholarships Grants Loans Work Programs Outside Sources Endowed Scholarships Financial Aid for Graduate Students Loans Loans are often included in the award package.
Loans allow students to defer the cost of their education by borrowing now and paying later.
Cumberland University is a borrower-based institution. Repayment and interest charges begin after the student drops below half-time status. All Perkins Loan recipients must participate in an exit interview if they do not plan to return to Cumberland University the following academic year. Pell Grant recipients receive priority in Perkins Loan awards. These low-interest rate loans are usually insured by the guarantee agency in the student's resident state and reinsured by the Federal Government.