Santa Clara University

The Federal Perkins Loan is designed to assist students with low family incomes and exceptional financial need. It offers a lower interest rate and more generous repayment terms than the other federally sponsored student loan programs, the Federal William D. Ford Direct Loan (Undergraduate Students) and Federal Stafford Loan (Graduate Students).

About the Federal Perkins Loan

• Who is eligible? Students who demonstrate exceptional financial need  when applying for financial aid
• Interest rate? Fixed at 5%
  
• When to repay? Repayment begins and interest begins to accrue at nine months after graduation, withdrawal or less than half time enrollment. No interest accrues on Federal Perkins Loans while the borrower is enrolled.
• Maximum loan amount? $4,000 per year (Undergraduate Students) or $6,000 per year (Graduate Students); funds are limited
  

Applying for the Federal Perkins Loan
When you apply for financial aid, you will automatically be considered for a Federal Perkins Loan. Funds are very limited and only students demonstrating exceptional financial need are offered a Federal Perkins Loan as part of their financial aid package. 

If you have not previously borrowed through the Federal Perkins Loan program, you must complete the Entrance Counseling and submit a completed Perkins Loan Master Promissory Note (MPN) before funds can be disbursed to your student account.  Santa Clara University has partnered with University Accounting Service (UAS) to provide online Entrance Counseling and E-Signature options for the Master Promissory Note. In order to complete the Entrance Counseling requirement and Master Promissory Note electronically, please visit the UAS Web site. If a borrower does not wish to complete the requirements electronically, they can find these paper forms at the Santa Clara University Financial Aid Office.

Federal Perkins Loan Billing Information
Santa Clara University has contracted with UAS to provide billing service to all of our Perkins Loan borrowers. All payments, questions and correspondence can be sent to UAS at the following addresses below.

University Accounting Service, LLC
PO Box 5291
Carol Stream, IL 60197-5291 USA

Phone: (800) 999-6227
Web site: www.uasecho.com and www.signmyloan.com

Other Perkins Loan Questions
If you have any additional questions feel free to contact Santa Clara University Financial Aid or University Accounting Service. Remember only Santa Clara University may grant a deferment, forbearance or cancellation.