Federal Perkins Loan Office

What is a Federal Perkins Loan?

The loan is a need-based, long-term, low-interest, fixed-rate loan. The loan is partially funded by the government and by Gustavus Adolphus College. The loan is governed by federal regulations set by the Department of Education. This is a Title IV Program. Gustavus is the lender and administrator of this loan program. The loan must be repaid, the borrower may be allowed up to ten years or a minimum monthly payment of $40.

How Do I Apply for a Perkins Loan?

Complete the Free Application for Federal Student Aid (FAFSA) http://www.fafsa.ed.gov. The Office of Student Financial Assistance will award the loan based on your need.

If I Have a Question About My Loan, Whom Do I Call?

Gustavus Adolphus College contracts University Accounting Service (UAS) to process Federal Perkins Loans. For more information, we have provided the links below or you may contact Gustavus Adolphus College Federal Perkins Loan Office at phone 507-933-7503 or Donna Loken <dloken@gac.edu>.

Helpful Links

• Federal Perkins Loan Master Promissory Note FAQ
• University Accounting Service
• Perkins Loan Master Promissory Note
• Federal Perkins Loan Exit Interview