Financial Aid & Scholarship Department
Division of Student Affairs
Title IV Federal School Code: 001153

Federal Perkins Loan

Federal Perkins Loan is a low interest rate loan (5%) available to students with exceptional financial need. Federal Perkins Loan funds are extremely limited. Individual student’s award amounts will vary depending on Federal Limits, student need, and fund availability.

No interest is charged while the student is in school AND during the 9 month grace period. Repayment begins nine months after the student graduates or leaves school and payments may be extended over a 10 year period. CSUN is your lender for Federal Perkins Loan.

Basic Eligibility Requirements

  1. Must apply for financial aid using the Free Application for Federal Student Aid (FAFSA).
  2. Must be a U.S. Citizen or eligible non-citizen.
  3. Must be enrolled (or plan to be enrolled) in at least half-time units (6 units or if in Master program 4 units).
  4. Cannot be in default on a student loan or owe a repayment on any grant funds.
  5. You must be achieving Satisfactory Academic Progress as established by the CSUN Financial Aid & Scholarship Department.
  6. Must submit all documents requested by the Financial Aid & Scholarship Department.

Even if all the above basic requirements are met, eligibility for Perkins loans are determined by the Financial Aid & Scholarship Department.

Other Loan Related Sites:

To get an estimate of the amount of educational debt that you can reasonably afford given the expected starting salary for your major, visit the Student Loan Advisor.

The Loan Comparison Calculator computes an estimate of the size of your monthly loan payments for three loans at the same time.

The Interest Capitalization Calculator computes an estimate of the accrued interest and the new loan balance at the end of the deferment period. It also gives an impact of the capitalization on the total amount paid over the lifetime of the loan.

For an estimate of what your monthly loan payment might be, go to the Loan Payment Calculator.

The Budget Calculator is used to calculate your costs and expenses to come up with a realistic budget for your financial well being.