• This is a need-based loan and the FAFSA must be filed.
• The Rose-Hulman Financial Aid Office determines eligibility for this loan.
• Preference in awarding is given to freshmen and sophomores with exceptional financial need.
• Interest is deferred while maintaining at least half-time status.
• Interest rate is fixed at 5%. Repayment begins nine months after student ceases enrollment.

**Perkins Loan Addendum**