Federal Perkins Loans are low-interest (5%) loans for students with exceptional financial need.  To be considered for a Perkins Loan, the student must file a FAFSA, have exceptional financial need and submit an appeal letter to the Financial Aid Office for review. A financial aid administrator will review the student’s file and their appeal letter for eligibility. For Perkins Loans during the summer, the UMF Summer Financial Aid Application will replace the need for an appeal letter. All Perkins Loan recipients must complete an online promissory note before their loan can be finalized.

An individual student’s annual Perkins Loan amount is based on their enrollment and the amount the student has in of other sources of aid. For additional information about obtaining a Federal Perkins Loan, please contact the Merrill Center.

Repayment of Perkins Loans begins nine months after the student graduates or drops below half-time status (fewer than six credits in a semester). Repayment can be deferred or canceled if the student meets certain conditions.  Contact the Perkins Loan Office at Orono about repayment by calling (207) 581-1532 or 1-800-308-6148.

For more information about this program, refer to the Federal Student Aid page on Federal Perkins Loans.