Perkins Loans
What is a Federal Perkins Loan?
It is a federal loan administered by
Financial Aid & Scholarships. Recipients must have financial need
and be admitted to UNLV. Priority is given to students enrolled
in six or more credits. Funds are limited, and awards are made
to the earliest, eligible applicants.
- How much can I borrow?
The maximum loan amount for the first
undergraduate degree is $15,000. The aggregate total, including
graduate and professional degrees, is $30,000. Federal regulations
and school policy will determine the maximum loan amount for
each school year, but undergraduates may receive up to $3,000
per year and graduate students $5,000 per year.
When do I begin repayment on
this type of loan?
Repayment begins after you graduate,
leave school or drop below half-time enrollment. Depending on
when you first received a Perkins Loan, your first payment would
be due in six or nine months.
Am I required to attend a loan
session before receiving my check?
When your Promissory Notes are mailed
you will receive loan counseling materials that must be completed
and returned to the Bursar's Office before your funds or check
are released! See general information on the DISBURSEMENT OF
FINANCIAL AID page.
