>> Undergraduate Financial Aid Index >> Loan Information

Federal Perkins Loan

The Federal Perkins Loan is a need-based loan made by the University. The Federal Perkins Loan requires that the student borrower repay with interest this source of financial assistance. Additional terms, subject to revision by federal regulation, include:

Zero interest while the student is enrolled in school on at least a half-time basis and during the nine-month grace period following enrollment 5% fixed interest rate during repayment No origination fee or insurance fee Repayment of principal and interest begins nine months after the student ceases to be enrolled in school on at least a half-time basis and generally extends over a 10 year period; payments are made on a quarterly basis $5,500 annual borrowing limit for undergraduates; $8,000 annual borrowing limit for graduate / professional $27,500 maximum aggregate undergraduate borrowing; $60,000 maximum aggregate for graduate / professional

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University of Notre Dame - Office of Student Financial Services

Financial Aid	Student Accounts
115 Main Building	100 Main Building
Notre Dame, IN 46556	Notre Dame, IN 46556
Phone: 574-631-6436	Phone: 574-631-7113
Fax: 574-631-6899	Fax: 574-631-7117
finaid@nd.edu	stdacct@nd.edu

Student Employment

115 Main Building

Notre Dame, IN 46556

Phone: 574-631-6454

Fax: 574-631-6899

stdempl@nd.edu

The University of Notre Dame does not discriminate on the basis of race, color, national or ethnic origin, sex, disability, veteran status, or age in the administration of any of its educational programs, admissions policies, scholarship and loan programs, athletic and other school-administered programs or in employment.