Perkins Loan Qualification Information

• Federal need-based program
• Fixed 5% interest rate
• UConn is the Lender
• Available to eligible full-time students
• Repayment begins nine months after a student's enrollment drops below half-time status or the student graduates
• FAFSA is required
• Complete the Perkins Loan Master Promissory Note requirement
• Additional Information

Where to Begin - Applications and Entrance Interview

 

Federal Perkins Loan Entrance Counseling: Federal regulations require that all first time borrowers of Federal Perkins Loans complete Entrance Counseling and a Master Promissory Note (MPN). The All-In-One Perkins Loan Package contains the required documents for Perkins Entrance Counseling and the Perkins Master Promissory Note (MPN).

All-In-One Perkins Loan Package Master Promissory Note
All-In-One Perkins Loan Package (Married Students)Master Promissory Note

 

The Master Promissory Note must be completed and returned to our office in order for your Financial Aid to disburse to your fee bill. 

• DO NOT FAX FORMS
  
  The original forms should be returned to our office at:
  University Of Connecticut
  Federal Loan Office
  233 Glenbrook Road, Unit 4216
  Storrs, CT 06269-4216

Loan Repayment

After you graduate, leave school, or drop below half-time status as a student, you will have a nine-month (9) Grace Period before you must begin repayment of your Perkins Loan. You will have up to ten (10) years to repay the loan. You will be billed on a monthly basis after your grace period expires. If you do not remit your payment on a timely basis, you will be assessed a Late Fee. You may prepay any or all of the loan principal at any time before it becomes due.

It is your responsibility to keep ECSI or the Student Loan Office informed of your current address. Please contact ECSI at 1-888-549-3274 or login to your account at www.ecsi.net to change your address. Additional information is provided in the Perkins Loan Exit Interview.

Exit Counseling

Exit Counseling is now available via the internet. All Perkins borrowers must complete exit counseling if they have dropped below half-time or are leaving school or are graduating.

UConn contracts with ECSI to complete the exit counseling for Perkins Loans. If you are receiving other loans as well as a Perkins Loan you must complete counseling forms for each type of loan separately.

 

Loan Deferment/Cancellations/Forbearance

For details on deferring your loan or cancellation, please click here