Federal Perkins Loan
Please Note: Federal Perkins Loan funds are not available after September 30, 2017 due to congressional action.
ÃÛÌÒÓ°Ïñ serves as the lender. (ECSI) services Fisher's Perkins loans.
Interest Rate
The interest rate is 5%. Perkins Loan borrowers are eligible to defer repayment of the loan principal, with no interest charged while enrolled for classes as at least a half-time student. It is a subsidized loan, with interest being paid by the federal government during the in-school and nine-month grace period. Repayment begins nine months after dropping below half-time enrollment.
Repayment
Repayment can take a maximum of ten years. Payments will be made to , Fisher's Perkins Loan servicer. ECSI will contact you via email after part-time enrollment ceases regarding exit counseling and repayment.
Perkins Sample Repayment - 10 Year Term
| Original Principal | Monthly Payment Amount |
| $4,800 | $50.91 |
| $6,800 | $72.12 |
| $8,800 | $93.34 |