The Federal government provides funds, and Marquette selects eligible students and determines each student's loan amount.
The interest rate will be a fixed rate of 5 percent. No interest accrues while the student is enrolled at least half-time. Standard repayment period is 10 years. Repayment begins and interest accrues nine months after the last date of half-time enrollment. Students are billed monthly by Marquette's Student Loan Accounts. Must have exit interview completed prior to leaving Marquette. Under certain circumstances, loan payments may be deferred and portions of the loan may be canceled.
This loan will not be renewed. 2016-17 is the last year for the Perkins for renewal graduate/professional borrowers. The Graduate/professional Perkins Loan program is ending 9/30/2016. No additional loans will be available after that time.
*Per federal regulations, schools may not make Federal Perkins Loan program to new Graduate/professional borrowers after June 30, 2015.
The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.
FAFSA School Code: 003863
Questions or for more information, contact the Office of Student Financial Aid