General Information

The Federal Perkins Loan is a low interest, long-term loan in the student's name. These loans are need-based and made to undergraduate, graduate, and veterinary medicine students with significant levels of financial need.

Eligibility

• Remain enrolled full-time to retain eligibility for this award
• File a FAFSA (with signatures) by March 11

The following must be completed on Hokie SPA or  MyVT before the funds can be disbursed to the student's account

• Entrance Interview
  • Online document that provides general loan information
  • Contain questions, asked as the Entrance Interview is completed, based on the loan information to make sure the student understands their rights and responsibilities of borrowing a Perkins Loan.
  • Needs only to be completed once with the first Perkins Loan awarded
• Questionnaire
  • Reference information necessary to qualify for the loan
  • Must be completed for EACH new Perkins Loan awarded
• Promissory Note
  • Completed online, documentation that the student promises to repay the loan
  • Must be completed with first Perkins Loan, then obligates student for all future Perkins Loans