Funds from this loan are disbursed each term according to the student's award notification and promissory note requirements. Interest on this loan begins to accrue upon disbursement. The Federal Perkins Loan is based on exceptional need and availability of funds. Interest begins to accrue and repayment begins nine months after graduation or when a student is no longer enrolled at least half time. Eligibility for this program is dependent on financial need and availability of funds.
Students earn minimum wage and are paid on a bi-weekly basis for actual hours worked.
Students are assigned work based on positions that are available and the need for student assistance. Students must agree to work the hours required by these positions. Work schedules and positions are determined each semester and are scheduled around the student's class schedules whenever possible. Thank you for visiting AUM's World Wide Web Site.