Student Financial Aid Federal School Code: 003425

Federal Perkins Loan

The Federal Perkins Loan provides assistance to undergraduate and graduate students who are enrolled at least half-time. Interest does not accrue while the student is enrolled. Repayment begins nine months after departure from school, with interest accruing at a rate of 5 percent. Awards are made on the basis of financial need, with priority given to students demonstrating exceptional need. Application requires submitting the FAFSA. Forms received by the federal processor by March 1 for incoming freshmen and April 1 for upperclassmen will receive priority consideration. Students who apply by the designated deadlines must also submit follow-up documents promptly, as Perkins funds typically are depleted by mid-summer.

Students must sign a master promissory note to receive Perkins funds. Instructions concerning the master promissory note will be provided by the third-party servicer, ECSI, through the student's Clemson email address. Students must be enrolled at least half time and maintain satisfactory academic progress to receive loan assistance.

The recipient of a Federal Perkins Loan must repay the loan in accordance with the repayment schedule. If a situation arises that makes meeting this responsibility impossible, the borrower should contact the Office of Revenue and Receivables. Also, Federal Perkins Loan recipients must notify the Office of Revenue and Receivables of graduation, withdrawal from school, change of address, transfer to another school, etc. Borrowers should refer to their promissory notes for information regarding cancellation benefits for teachers, nurses, military personnel, law enforcement officers and other public service professionals.

How to Apply

  1. Complete and submit the FAFSA by the priority filing date of March 1 for incoming freshmen and April 1 for upperclassmen, annually. 
  2. Promptly submit additional information requested (if any) as Perkins Loan funds are limited and are usually exhausted by mid-summer.


Perkins Loans are awarded to students with exceptional financial need. Students are notified via an award notification if Perkins Loan funds are part of their financial aid packages. Students will need to view the iROAR portal to accept, reduce or refuse the Perkins Loan offer.