Federal Perkins Loans

Perkins Loans provide fixed low interest rates (5%) and are available to students who demonstrate high financial need based on the results of your Free Application for Federal Student Aid (FAFSA). A credit check is not required to receive these loans and there is no origination fee. You are not charged interest on these loans while you are in school at least half-time and during grace and deferment periods. Perkins Loan funding at UNI is limited, so not all qualifying students will receive a Perkins Loan. Students who have been awarded a Perkins Loan must complete Entrance/Rights and Responsibilities and a Perkins Promissory Note online each year.

Beginning with the 2015-16 academic year: Students receiving their first Perkins Loan cannot receive a Perkins Loan in subsequent years.  Students that have accepted a Perkins Loan in a prior academic year may still be considered for Perkins Loans in the future provided they meet specific conditions set forth by the Department of Education.  Please contact our office with any questions.  

NOTE: When completing the Perkins promissory note you will be asked for a "National ID Number."  This field should be completed using your Social Security Number.