Federal Perkins Loan

Eligibility:

• Student must complete the FAFSA (Free Application for Federal Student Aid)
• Need-based loan

Loan Amount: 

• Loan amount can not exceed $4000.00 (per year)
• Limited funding available

Interest Rate:

• Interest Rate is fixed at 5%
• Interest does not begin to accrue until student enters repayment
  WJU Personal & Confidential Information Sheet for Perkins Loan | Perkins Statement of Rights and Responsibilities

Nursing Student Loan

Eligibility:

Loan Amount: 

• Loan amount can not exceed $4000.00 (per year)
• Limited funding available

Interest Rate:

• Interest Rate is fixed at 5%
• Interest does not begin to accrue until student enters repayment
  WJU Personal & Confidential Information Sheet for Perkins Loan | Perkins Statement of Rights and Responsibilities

** If your financial aid package includes one of these two loans, please see Cindy Bowman (Loan Officer) in the Alma Grace McDonough Center, room 29.  She will assist you in completing the necessary Promissory Note and the Personal Data Sheet for these loans.  This paperwork must be completed for the loans to be disbursed.