Federal Perkins Loan

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Students may begin to accept 2015-16 loans on June 1.

Application Process: Upon accepting the loan, students are notified by ECSI, the Bursar's Office servicer, to complete the Perkins Promissory Note and a Borrower Information Sheet. For 2015-16 loan, 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.

Deadline to accept loan

  • December 1, 2015, for students attending fall 2015, only.
  • April 29, 2016, for students attending both fall 2015, and spring 2016, or attending spring 2016, only. 

The Federal Perkins Loan is for undergraduates, credential, and graduate students with exceptional financial need; 2nd BAC students are not eligible for the Perkins Loan. Funds for this loan are extremely limited and will only be awarded to students when funds become available to the school.


  • 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.