Federal Perkins Loan
This is a low-interest loan program funded by the federal government and ESU, with the university acting as lender. Currently, the maximum Perkins Loan award is $3,000 per academic year for ESU Kansas resident undergraduates, $4,000 for ESU non-resident undergraduates, and $5,000 for graduate students. Offers of the Perkins Loan are contingent upon availability of funds, demonstrated federal aid eligibility, and program requirements (Expected Family Contribution from the FAFSA must be Pell-eligible). The repayment period begins following a 9 month grace period, which begins after the student is no longer enrolled at least half-time in college. The loan carries a fixed interest rate of 5 percent, and the maximum repayment period is 10 years.
The Office of Student Financial Aid and Scholarships will award Perkins loans to students who are eligible until funding is exhausted. If you are eligible for the Perkins loan, and have not been awarded it, please contact the Office of Student Financial Aid and Scholarships to request to be placed on the waiting list for this fund. Once awarded, you will need to accept the loan via BuzzIn. You will also need to complete Perkins Entrance Loan Counseling and a Perkins Master Promissory Note. Once the loan has been accepted on BuzzIn, the Student Loan Office transmits the borrower information to ECSI who handles all of ESU’s Perkins loans. ECSI will provide information to you in regards to Entrance Loan Counseling and the Master Promissory Note.
Once you have graduated or ceased to be at least a half-time student, you will need to complete exit loan counseling which provides you with your rights and responsibilities as a loan borrower in repayment. ECSI will provide you with information on completing exit loan counseling.
- Provider of Early Intervention Service, Provider in a Child or Family Service Agency, or Speech Language Pathologist
Other Important Forms and Links
All information regarding your Perkins Loan can be found through our servicer, ECSI. You can find that information on their website, www.ecsi.net or by calling 1 (888) 549-6931. If you have any questions feel free to contact the Emporia State University Perkins Loan Office at 620-341-5287.