Perkins Loan

About the Loan
Interest Rate and Fees
Loan Amount
Application for Loans
Offer of Loans
Disbursement of Loans
Maintenance of Loans
Repayment of Loans

About the Loan

This campus-based loan program is for students with exceptional financial need.

Interest Rate and Fees

The interest rate is only 5 percent, and no interest accrues while you're in school.

Loan Amount

The maximum limits are as follows:

Annual Maximum Aggregate Maximum
Undergraduate $5,500  27,500
Graduate $8,000 $60,000

Application for Loans

There is no application process for the Perkins Loan. Both undergraduate and graduate students may receive Perkins Loans. Of those, students with exceptional financial need (as determined by the school) have priority. To receive a Perkins Loan, a student must meet the general eligibility requirements and must not have borrowed the maximum amounts. A student who has earned a bachelor's or first professional degree may receive a Perkins Loan to pursue an additional undergraduate degree.

Offer of Loans

Students will be awarded as funds are available. If awarded, the student will need to complete Master Promissory Note (MPN) and Entrance Interview. Federal Perkins Loans are campus-based loans. It is a Federal Loan Program, but the University of Houston is your lender. All new borrowers must sign a MPN and complete Perkins Loan Entrance Counseling.

If you have been awarded a Perkins Loan and have registered for the upcoming semester, you will be required to provide your electronic signature for a Perkins MPN.

Form Explanation
E-Sign Promissory Note & Entrance Interview These must be completed to receive funds. You will access your Perkins MPN using the same federal PIN number used to complete your FAFSA. The signature is good for one (1) year. Click here to follow instructions for completing the required entrance interview and e-sign your promissory note.
Exit Interview This is completed when the student leaves or graduates from the university, or is no longer enrolled with at least half-time status. This does not include summer sessions. Students do not have to enroll in summer sessions as long as they resume classes the following fall. Log in to your account here and follow instructions for completing the required exit interview.

Disbursement of Loans

Once the student has completed their MPN, the student may check back with our office regarding their Disbursement status. Please wait at least 72 hours after completing the MPN for your information to update in our system.

Once the loan has been disbursed, the funds will be applied to the student's account to cover charges. If a credit balance is created, funds will be refunded to the student's Higher One account preference.

Maintenance of Loans

In order to maintain eligibility, students must be enrolled at least half-time at the time of disbursement and meet all Satisfactory Academic Progress requirements.

Repayment of Loans

Repayment begins 9 months after the student:

  • graduates,
  • leaves the university, or
  • drops below half-time enrollment (generally, 6 hours).

Repayments are made directly to the office of Student Financial Services. Student has up to 10 years to repay, depending on the amount owed.