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The Federal Perkins Loan (formerly called the National Defense and National Direct Student Loan) is a federally funded low-interest loan.
When you graduate (or leave school for other reasons), you must complete a Federal Perkins Loan Exit Interview Conference. You can complete this requirement on the web at Mapping Your Future. This Exit Interview will give you more information about your repayment options, deferments, cancellation provisions, etc. Failure to do so will result in a "HOLD" being placed on your transcripts, diploma, etc.
You are now able to complete and print forms from site.
The Federal Perkins Loan (formerly called the National Defense and National Direct Student Loan) is a federally funded low-interest loan. Fayetteville State University is the lender using funds from the federal government and/or payments collected from previous borrowers. The interest rate on the Perkins Loan is five percent, and repayment starts nine months after you leave school or graduate.
In order to apply for the Perkins Loan, you must complete the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA for the appropriate school year. Fayetteville State University's Financial Aid Office must receive the results of your FAFSA by our deadline date. You must have financial need in order to qualify for a Perkins Loan. In general, Fayetteville State University makes Perkins Loans that range from $1000 to $5,500 per school year to be disbursed in equal semester payments, i.e., $500 and $2,750 per semester, for two semesters, respectfully.
Borrowers who are awarded and do not decline their Federal Perkins Loan, must complete the Federal Perkins Loan entrance conference. You can complete this requirement on the web at Mapping Your Future. The counseling will inform you of your rights and responsibilities as a borrower. >> Read More