Federal Perkins Loan Program
About the Loan
The Federal Perkins Loan Program has ended as of Sept. 30, 2017. No new Federal Perkins Loans will be awarded. (DCL GEN-16-05)
Repayment
Repayment begins nine months after the student:
- Graduates,
- 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.
- Default
- Loan Rehabilitation
- Federal Perkins Loan Forgiveness Program
All payments on the Federal 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.