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Perkins Loans

The Perkins loan program is no longer available as of September 30, 2017.

  • This loan provided assistance to undergraduate students.
  • FAFSA required for federal loans.
  • Coastal Carolina University acts as the lender.
  • Low 5% interest rate, no origination or guarantee fees.
  • Half-time enrollment required (at least 6 credit hours)
  • Must maintain satisfactory academic progress according to Financial Aid Academic Progress Standards
    • Undergraduate Academic Progress Standards
    • Graduate Academic Progress Standards
  • Interest paid by the government while in-school, and during the 9 month grace period.
  • Repayment period of 10 years.
  • Cumulative lifetime limits: $27,500 for undergraduate, $60,000 for graduate students (including undergraduate loans).
  • Perkins Loans are awarded to eligible students through Financial Aid & Scholarships
  • Master Promissory Notes, Perkins Indebtedness Statements and Perkins Loan Counseling are handled through the Office of Student Acounts

Military Deferment for Perkins Loan Borrowers

Perkins Loan Teacher Cancellation