Federal Perkins Loans 2025

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The document is a Federal Perkins Loans Unemployment Deferment Request form for borrowers at Western Illinois University. It outlines the process for requesting a deferment of loan repayments due to unemployment, including eligibility criteria, required documentation, and borrower responsibilities. The form requires personal information from the borrower, details about their unemployment status, and attempts to secure full-time employment. It also includes definitions of terms and conditions related to the deferment.

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Click ‘Get Form’ to open the Federal Perkins Loans Unemployment Deferment Request in the editor.
Begin by filling in your personal information, including your name, phone number, and WIU ID. Ensure all details are accurate for processing.
In Part I, indicate your unemployment status by providing the date you became unemployed or started working less than 30 hours per week. Select whether you are registered with an employment agency and provide its details if applicable.
If you have a temporary address, fill it in as required. Then list up to six firms where you attempted to secure full-time employment in the last six months.
Review the Borrower Interest Selection section carefully. Confirm your understanding of the deferment terms and certify that all information is correct by signing and dating the form.

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What is the Federal Perkins Loan Program?

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.

How much is the monthly payment on a $70,000 student loan?

Who is Eligible? Undergraduate and some graduate students are eligible for Perkins Loans. A school must give priority to students with exceptional financial need as defined by the school using procedures it establishes for that purpose.

What is a Perkins Loan and how does it work?

A Federal Perkins Loan is a low-interest (5 %) loan for undergraduate and graduate students with financial need. Funds come directly from the U.S. government but Cal State East Bay is the lender and borrowers repay loans directly to the University.

Are Federal Perkins Loans still available?

Perkins loans are no longer offered, but borrowers who still hold one must repay the loan. As of 2023, other federal loans are available to students, including direct subsidized loans, direct unsubsidized loans, direct plus loans, and direct consolidation loans. Congressional Research Service.

How do you know if you have a Federal Perkins Loan?

Federal Perkins loans are no longer available because the program was discontinued in 2017. However, there are other types of student loans you may be eligible for, including Federal Direct Subsidized and Unsubsidized Loans, as well as private student loans. What Are Federal Perkins Student Loans? - SoFi sofi.com learn content federal-perkins- sofi.com learn content federal-perkins-

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