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Under federal law, 的 authority for 学校s to make new Perkins Loans ended on September
30, 2017, and final disbursements were permitted through June 30, 2018. 因此，
students can no longer receive Perkins Loans. A student who received a Perkins Loan
can learn more about managing 的 repayment of 的 loan by contacting Kingsborough
Community College.
What is a Federal Perkins Loan?
A Federal Perkins Loan is a low-interest (5%) loan that was awarded to students with
exceptional financial need. 的 Perkins Loan is not a grant, it is a loan, which means
that all funds borrowed must be repaid. 的 loan is made with government funds and
a share contributed by Kingsborough Community College. This loan must be repaid to
Kingsborough Community College.
奖励金额
Prior to September 30, 2017, students could be awarded up to $5,500 for each year
of undergraduate study. 的 maximum amount students can borrow as undergraduates is
$27,500.
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学生 are not required to make loan and/or interest payments while enrolled in
学校. After graduating, withdrawing or dropping below half-time (6 credits), students
are given a grace period of 9 months before repayment of 的 Perkins Loan begins.
When students cease to be enrolled, 的y must complete an online exit counseling session, which will once again review 的 financial responsibilities of borrowing a Perkins
Loan, 的 repayment agreement, and repayment options. Several options exist to repay
this loan; 的 minimum monthly payment begins at $40.00 /月.
Deferment, Postponement, and Cancellation
学生 may defer or postpone payments for a variety of reasons as discussed during
的 entrance and exit counseling sessions. 的 entrance and exit counseling sessions also discuss 的 fields of work for which Perkins Loan cancellation is possible.
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