Financial Aid Options

Perkins Loans

This Federal Loan is awarded as part of the financial aid package to students with exceptional financial need. The interest rate is fixed at 5.0 percent. Qualified students may borrow up to $4,000 annually, subject to availability of funds.

Read frequently asked questions about Federal Perkins Loans (PDF). 

Review your rights and responsibilities (PDF) as a Federal Perkins Loan recipient.

Disbursement Requirements

Before the Federal Perkins Loan funds that you have accepted can be credited to your account, you will need to completed the Federal Perkins Loan Master Promissory Note and Perkins Loan Entrance Counseling.

Master Promissory Note

  1. Download and complete the Perkins Master Promissory Note (PDF).
  2. Print all information legibly in Section A, items 1-5. Sign your name and date the bottom of the note. Please take time to read all of the information on all pages of this note.
  3. You are encouraged to make photocopies of the Perkins Master Promissory Note for your records.
  4. Bring or mail the original* promissory note to:

    Saint Xavier University
    Office of Financial Aid 
    3700 West 103rd Street
    Chicago, IL 60655

*Please note that we cannot accept a faxed or scanned copy of this document.

Entrance Counseling

Federal regulations require that you complete Perkins Loan entrance counseling before your loan can be disbursed. The counseling session will help guide you in managing your student loan by reviewing your rights and responsibilities of the Federal Perkins Loan Program. These processes only need to be completed once. Any Perkins Loan assistance you are offered by Saint Xavier University in the future will not require you to complete these documents again.

Billing and Accounting

Saint Xavier University is the lender for the Federal Perkins Loan but has contracted with University Accounting Service (UAS) for the billing and accounting of your Federal Perkins Loan. You may also contact UAS regarding repayment, cancellation, deferment and consolidation options concerning your Federal Perkins Loan.

University Accounting Service
P.O. Box 932
Brookfield WI 53008-0932

Exit Counseling

Before you withdraw, graduate or drop below half-time attendance (regardless of plans to transfer to another school), regulations require that you complete an exit counseling session. The counseling session helps guide you in managing your student loans after college. Students will receive an e-mail from University Accounting Services directing them online to complete the Perkins Loan Exit Counseling.

Additional Information

For more information on University Accounting Service or the Federal Perkins Loan Program: