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Federal Perkins Loan Application  

Students must complete a Perkins Loan Application prior to borrowing from the Federal Perkins Loan Program for the first time. Unlike other loan applications, the Perkins Loan Application does not need to be completed each year as it is a multi-year document. However, a previous borrower may need to complete the application again if a significant amount of time has passed since he/she last borrowed.

 

Application Requirements

Students who have applied for financial aid and have been offered a Federal Perkins Loan may need to complete the Federal Perkins Loan Application. If you have been offered a Perkins Loan, please read the following instructions carefully in order to determine if it is necessary for you to complete an application.


First-time Borrowers
If you have not previously borrowed from the Federal Perkins Loan Program, you will need to complete the Perkins Loan Application. You will also need to complete a Perkins Loan Entrance Interview and a Master Promissory Note (MPN). You will be sent instructions on how to complete all three of these items once you have indicated to our office that you wish to borrow from the Perkins Loan Program.

Previous Borrowers
If you have previously borrowed from the Federal Perkins Loan Program but did not borrow a Perkins during the prior academic year, you will need to complete a new Perkins Loan Application and Master Promissory Note. For instance, if you have been offered a Perkins Loan for 2007-08 but you did not borrow a Perkins during the 2006-07 academic year, you will need to complete a new Perkins Loan Application. If you are not sure if you borrowed a Perkins during the prior academic year, you can check your account on CAESAR.

If you did borrow from the Federal Perkins Loan Program during the prior academic year, you do not need to complete another Perkins Loan Application or Master Promissory Note. Simply notify the Office of Financial Aid that you accept the Perkins Loan offered to you by signing and returning your award notice. We will process your Perkins Loan in the full amount offered unless you indicate that you wish to borrow less.


If you are uncertain as to which of the above categories you belong, please check your Financial Aid "To Do" Items on CAESAR. Here you will be able to see if you are required to complete a Perkins Loan Application, a Perkins MPN or a Perkins Loan Entrance Interview.

If you have not applied for need-based financial aid you must do so in order to be considered for the Federal Perkins Loan. See the section on Applying for Financial Aid - Application Procedures & Deadlines for more information.

 

Application Instructions
The Perkins application process can now be completed online through iPROMise. Once you have indicated to our office that you wish to borrow from the Perkins Loan Program (either via CAESAR or by returning your signed award notice) you will be sent instructions on how to complete the Perkins Loan Application, Master Promissory Note and Perkins Loan Entrance Interview. These instructions will be sent to you via e-mail from Campus Partners within two weeks of your acceptance of the Perkins Loan. If you have any questions regarding this process, please contact a counselor in the Office of Financial Aid.

 

For more information regarding the Federal Perkins Loan Program, please consult Components of an Aid Package - Loan Programs.

 

 

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Office of Undergraduate Financial Aid 1801 Hinman Avenue Evanston, IL 60208-1270
Phone: (847)491-7400 Fax:(847)491-5969 e-mail: ug-finaid@northwestern.edu
Last updated 04/15/2008 World Wide Web Disclaimer and University Policy Statements © 2006 Northwestern University