Federal Perkins Loan

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Perkins Loan expired on September 30, 2015. Effective October 1, 2015, schools can no longer make loans to new borrowers.

**Loans that were not accepted by students prior to October 1, 2015, are no longer available (offered) to students**

Application Process: Upon accepting the Perkins loan, students are notified by the Bursar's Office loan service provider, ECSI, to complete the Perkins Promissory Note and a Borrower Information Sheet.

For 2015-16 loans, these items need to be completed by September 14, 2015. For more information about the Perkins Loan process, go to Federal Perkins Loan or contact the Bursar's Office at 408-924-1601 or bursar@sjsu.edu.

Funds for this loan are extremely limited and will only be awarded to students when funds become available to the school.


  • For undergraduates, credential, and graduate students with exceptional financial need; 2nd BAC students are not eligible for the Perkins loan.
  • Must have completed a FAFSA, submitted requested documents and have been awarded the Perkins Loan.
  • Must be enrolled at least half-time: 6 units as an undergraduate or credential student, 4 units as a graduate student.
  • EFC: $0 - $800

Interest Rate

  • Interest rate is 5% while in repayment.

Loan Limit

  • $3,000 maximum per academic year
  • $20,000 cumulative maximum for Undergraduate students
  • $40,000 cumulative maximum for Credential students


  • Repayment begins nine (9) months after less than half time enrollment. The federal government pays for the interest while students are in college at least half-time and during the nine (9) month grace period.
  • There are forgiveness provisions for certain students: teachers of certain subjects or teachers in low income areas; registered nurses working in eligible facilities located in areas experiencing a shortage of nurses may participate in the U.S. Department of Health and Human Services' Nursing Education Loan Repayment Program (NELRP); and enlisted persons in certain specialties of the Armed Forces, the U.S. Department of Defense might, as an enlistment incentive, repay a portion of your student loan.