Federal Perkins Loan
The Federal Perkins Loan is designed to assist students with low family incomes and exceptional financial need. It offers a low-interest rate and more generous repayment terms than the other federally sponsored student loan programs.
Note: Due to the Federal Perkins Loan Program Extension Act of 2015 (The Extension Act), enacted on December 18, 2015, the Federal Perkins Loan Program expired on September 30, 2017.
Fixed at 5 percent.
When to Repay
Repayment begins and interest begins to accrue at nine months after graduation, withdrawal or less than half-time enrollment. No interest accrues on Federal Perkins Loans while the borrower is enrolled at least half-time.
Perkins Loan Exit Interview
If you are graduating, taking a leave of absence or enrolling less than half-time, federal regulations require you to complete an exit interview counseling session with the student loan specialist at:
Student Loans/Collection Office of Financial Services
The Claremont Colleges Services (TCCS)
101 South Mills Avenue
Claremont, CA 91711
Complete the exit interview personal information (PDF) form before meeting with the student loan specialist. You can contact the student loan specialist at 909.621.8271 for more information.
Making a Payment for Your Perkins Loan
If you want to make an online payment for your Perkins Loan, visit Heartland ESCI, the loan servicer that Harvey Mudd uses to process Perkins Loan payments.