Offices & Directories

Perkins Loan

The Federal Perkins Loan Program is a revolving loan fund maintained by the institution to provide long-term loans to students who demonstrate financial need. This loan is repayable with interest to the institution. Repayment of the Perkins Loan begins nine months after a student graduates, withdraws from school, or drops below half-time enrollment. The interest rate for this loan is fixed at 5%. The loan may be repaid over a period of 10 years. The amount of the installment payment will depend upon the size of the loan debt, but the minimum monthly payment is $40. If a student is awarded a Perkins Loan for the first time, an email explaining how to e-Sign the Master Promissory Note will be e-mailed to their university email address.

If you choose to accept the Federal Perkins Loan in your financial aid award, you must complete all steps indicated below.  Once the Entrance Counseling and MPN have been completed once you will not have to complete them again during your tenure at the University of Redlands.

Step 1:    Please click here to complete your entrance interview online.

  • When asked to select a loan choose “Institutional Loans” for the type of loan you expect to owe after graduation.
  • When asked for loan deatails please select the following: Fixed Interest Rate = 5%; Frequency = Monthly; Length = 10 yrs; Minimum = $50.
  • For any section that is not applicable (references, spouse, etc.) – Input “NA” or “N/A”

      Step 2:    Electronically sign the Master Promissory Note (MPN) by clicking here.

      We will receive confirmation once these processes have been completed.



      Annual Cumulative Borrowed Notification

      Please click here to view your Perkins Loan annual cumulative borrowed statement.

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