FEDERAL Perkins Loan
This Federal Loan is awarded as part of the financial aid package to students with exceptional financial need. The interest rate is fixed at 5.0 percent. Qualified students may borrow up to $4,000 annually, subject to availability of funds.
Read frequently asked questions about Federal Perkins Loans (PDF).
Review your rights and responsibilities (PDF) as a Federal Perkins Loan recipient.
Before the Federal Perkins Loan funds that you have accepted can be credited to your account, you will need to complete the Federal Perkins Loan Master Promissory Note (Perkins MPN) and Perkins Loan Entrance Counseling.
Watch your SXU email for a message from University Accounting Service (UAS) with instructions on completing these requirements or access Sign My Loan directly.
Billing and Accounting
Saint Xavier University is the lender for the Federal Perkins Loan, but has contracted with University Accounting Service (UAS) for the billing and accounting of your Federal Perkins Loan. You may also contact UAS regarding repayment, cancellation, deferment and consolidation options concerning your Federal Perkins Loan.
Before you withdraw, graduate or drop below half-time attendance (regardless of plans to transfer to another school), regulations require that you complete Perkins Loan Exit Counseling. The counseling session helps guide you in managing your student loans after college. Students will receive an email from University Accounting Services (UAS) directing them online to complete the Perkins Loan Exit Counseling.
For more information on University Accounting Service or the Federal Perkins Loan Program: