The authority for schools to make new Perkins Loans ended on 9/30/2017. The following information is for the benefit of students who previously received Perkins loans.
The interest rate for new borrowers under the Federal Perkins Loan program is 5 percent, with repayment beginning nine months after you cease attending at least half-time. No origination or guarantee fees are charged on Perkins loans.
There is a lifetime limit of $40,000 of aggregate Perkins loan debt for graduate students (including any undergraduate Perkins loans).