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How to use or fill out OMB No. 1845 0074 Expiration Date 09/30/2015 Form

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Click ‘Get Form’ to open it in the editor.
Begin with Section A: Borrower Section. Fill in your name, permanent address, Social Security Number, date of birth, telephone number, and driver's license number as required.
Proceed to Section B: School Section. Enter the school name and address (Wayne State University) along with the annual interest rate (5%).
Review the Terms and Conditions carefully. Ensure you understand repayment obligations, including minimum monthly payments and potential forbearance options.
Sign and date the form at the designated area to confirm your understanding and agreement to the terms outlined.

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Do you have to pay back a Perkins Loan?

Direct Unsubsidized Loan: Undergraduate, graduate, and professional students are eligible for these loans, which are not based on financial need. Unlike Perkins loans, the interest on Direct Unsubsidized loans accrues while the borrower is in school and during the six-month grace period afterward.

What is a Perkins loan?

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. Important: Under federal law, the authority for schools to make new Perkins Loans ended on Sept.

How can I tell if I have a Perkins Loan?

Paying back your Perkins Loan: If you are attending school at least half-time, you have nine months after you graduate, leave school, or drop below half-time status before you must begin repayment.