Federal Perkins Loan

This is a need-based loan, so you must file the FAFSA to receive it. The Rose-Hulman Financial Aid Office determines eligibility for this loan. Here are items to note about the Federal Perkins 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.