Federal Perkins Loan
This Federal Loan was 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 could 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.
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.
Before you withdraw, graduate or drop below half-time attendance (regardless of plans to transfer to another school), regulations require that you complete Perkins Loan Exit Counseling. The counseling session helps guide you in managing your student loans after college. Students will receive an email from University Accounting Services (UAS) directing them online to complete the Perkins Loan Exit Counseling.
For more information on University Accounting Service or the Federal Perkins Loan Program: