Beginning with the 2015-16 academic year, the U.S. Department of Education started winding down the Federal Perkins Loan program, limiting who could borrow new loans. As such, no Federal Perkins Loans are available at the University of Houston for the 2017-18 academic year. Repayment information is provided below for previous Perkins borrowers.
Repayment begins 9 months after the student:
- Leaves the University, or
- Drops below half-time enrollment.
- Minimum monthly payment is $40. You may prepay all or any of your loan at any time without penalty. Prepayment may reduce your interest costs.
- Loan Rehabilitation
- Perkins Loan Forgiveness Program
All payments on the Perkins loan will be made to University of Houston through the ESCI loan servicer (1-888-549-3274). Repayment terms are up to 10 years, depending on the total amount of Perkins funds owed.