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Perkins Loan

Perkins loans are awarded to undergraduate and graduate students.

  • FAFSA required for federal loans.
  • Coastal Carolina University acts as the lender.
  • Low 5% interest rate, no origination or guarantee fees.
  • Half-time enrollment required (at least 6 credit hours)
  • Must maintain satisfactory academic progress according to Financial Aid Academic Progress Standards
  • Interest paid by the government while in-school, and during the 9 month grace period.
  • Repayment period of 10 years.
  • Cumulative lifetime limits: $27,500 for undergraduate, $60,000 for graduate students (including undergraduate loans).
  • Perkins Loans are awarded to eligible students through Financial Aid & Scholarships
  • Master Promissory Notes, Perkins Indebtedness Statements and Perkins Loan Counseling are handled through the Office of Student Acounts

Funding is limited

Priority Date is March 1st

Military Deferment for Perkins Loan Borrowers

Perkins Loan Teacher Cancellation

Click here to complete the FAFSA on line