This federal loan program, which provided low-interest loans to college students with financial need, expired on Sept. 30, 2017.
Perkins Loan repayment begins nine months after the student graduates, drops below half-time enrollment or is no longer enrolled. Interest accrues only during repayment periods and there is a maximum 10-year repayment period. UTC is the lender.
The Federal Perkins Loan has different forgiveness and cancellation provisions than the Federal Direct Loan program. More information is available on the Department of Education's website.