Perkins Loan
NOTE: The Perkins Loan Program ended after the 2017-18 academic year and new loans are no longer awarded.
Loan Features
- Interest does not accrue while you are in school or in deferment.
- There are no loan origination fees.
- The interest rate is a fixed 5.0% when the loan enters repayment.
- The University of Colorado Boulder is your lender for this loan so once your loan enters repayment, you will make payments back to the University.
- Repayment begins 9 months after you graduate, drop below half-time or withdraw.
- Funding is limited so the actual awarded amount may be less than the federal maximum and may also vary from year to year.
Loan Limits
| Annual Limit | Lifetime Limit | |
|---|---|---|
| Undergraduate (0-59 credits) | $5,500 | $11,000 |
| Undergraduate (60+ credits) | $5,500 | $27,500 |
| Graduate | $8,000 | $60,000 |