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You are here: Home / Admissions / Tuition and Financial Aid / Loans / Perkins Loan

Perkins Loan

Perkins Loans are low-interest student loans funded by the federal government and administered by Dominican University of California. If you are eligible for a Perkins loan based on your Free Application for Federal Student Aid and other aid application documents, the Perkins loan will be listed on your award letter from the Financial Aid Office.

Perkins loans have a 0% interest rate while you are enrolled in college at least half-time or above and during a nine-month grace period after you leave school.  Repayment begins at the end of the grace period and lasts for a period of ten years, during which interest is charged at 5.0%.  You can apply for a deferment if you enroll in graduate school, become unemployed, or meet other conditions specified on your promissory note.

Recipients at Dominican may receive between $500 to $2,000 annually. Available funding is limited, therefore, priority is given to undergraduate day program underclassmen with significant financial need.

If you have been awarded a Perkins Loan, please click here to complete and eSign your Master Promissory Note.

HELPFUL HINTS FOR E-SIGNATURE:

This process will allow you to electronically sign your Promissory Note using an electronic signature. If you decide to electronically sign the Promissory Note, you will need to have your FAFSA PIN available. This PIN would have been mailed to you by the Federal Student Aid Programs after you completed the Free Application for Federal Student Aid (FAFSA). If you have misplaced your FAFSA PIN you can go to www.pin.ed.gov and request a duplicate PIN. The PIN will take up to 3 days if you have it mailed to you or 7-10 days if you have it mailed to you. You will also have the option to print your Promissory Note, sign it and return it to Dominican University of California.

Please click here to complete the Perkins Loan Entrance Counseling.

HELPFUL HINTS FOR ENTRANCE COUNSELING:

At this Web site, you will be asked to read through student loan information and take a short test. You will also be asked to provide references, including names, addresses, and phone numbers. The first should be parent(s), the second may be a relative, friend, or spouse. Have this information available when you take the test. For any question that does not apply, write "na." The system will not accept any blanks. After finishing, your results will be sent to the financial aid office.

Please click here to complete the Perkins Loan EXIT Counseling.

HELPFUL HINTS FOR EXIT COUNSELING:

Before you withdraw, graduate, or drop below half-time attendance (regardless if you plan to transfer to another school), regulations require that you complete an exit counseling session. The counseling session helps guide you in managing your student loans after college. From the menu below, select the location of your school and then select your school. Your school must elect to participate in this counseling session. If they aren't on the list below, do NOT select another school. Instead, talk to your school about alternative methods for fulfilling your loan counseling obligation. Read any information from your school and the session instructions. Read the content and answer the questions. Fill out the student information form. Use the comment box for any comments or questions you have for your school. Print the confirmation page that appears after you fill out the student information form or note your confirmation number for your records.


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