federal-perkins-loan-awarding

Generally, the Federal Perkins Loan is awarded on an annual basis with an equal amount allocated for the fall semester and the spring semester.  Typically, a student award ranges from $1,000 to $3,000 annually. The amount awarded annually depends on the total amount that the University has available to lend. One semester awards may also be made.  Renewal of a Federal Perkins award is contingent upon the student applying for aid by the established deadlines; maintaining eligibility; and registering for the appropriate number of credit hours for each term.