Federal Perkins Loan

The Federal Perkins Loan Program provides long-term, five percent interest loans to students with exceptional financial need. These loans are made through the WSU Financial Aid and Scholarship Office. WSU acts as the lender, and the loan is made with government funds. Like any other student loan, you must pay back a Perkins Loan.

If you accept a Federal Perkins Loan, you must:
  • Sign and submit your promissory note.  
    • A promissory note is a legal contract which states you, the borrower, will repay the loan. Once you receive the promissory note, sign and return it to WSU’s Loan Service Office located in the Miller Administration Building, room 112.
  • Complete an annual Perkins Loan orientation at www.mappingyourfuture.org.

Maximum Loan Amounts

If you’re an undergraduate student, you may borrow up to $4,000 a year with a total maximum of $20,000 borrowed during your undergraduate years. If you’re a graduate student, you may borrow up to $6,000 a year with a total amount of $40,000 borrowed (in both undergraduate and graduate schools). The actual amount you receive will depend on your need and WSU’s level of funding.


Once you receive, sign and return the promissory note and complete the annual Perkins Loan orientation, Perkins Loan funds will be disbursed no earlier than 10 days prior to the start date of the semester. 

Paying Back Your Loan

Payments on your Perkins Loan begin nine months after you graduate or leave school. How much you pay back each month will depend on how much you borrowed and how long you have to repay your loan.  For additional re-payment information, contact the WSU Loan Servicing Department, 1023 University Circle, Ogden, Utah, 84408 (801) 626-7004.