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. Funding is limited. Repayment of the Perkins Loan begins 9 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 e-mail explaining the steps to accept the loan will be sent to their University of Redlands e-mail address.

Accepting the Federal Perkins Loan

If you choose to accept the Federal Perkins Loan in your financial aid award, you must complete the Entrance Interview and Master Promissory Note (MPN).

The Entrance Interview is designed to help you better understand the terms and conditions of the Federal Perkins Loan you are borrowing, as well as your rights and responsibilities before you borrow money. When completing your Entrance Interview, please follow the following instructions:

  • When asked to select a loan choose “Federal Perkins Student Loan” for the type of loan you expect to owe after graduation.
  • When asked for loan details, please select the following: Fixed Interest Rate = 5%; Frequency = Monthly; Length = 10 yrs; Minimum = $40.
  • For any section that is not applicable (references, spouse, etc.) – Input “NA” or “N/A”

 The Master Promissory Note is the document that makes you legally responsible for repaying your Federal Perkins Loan.

The Entrance Interview and MPN only need to be completed once; you will not have to complete them again during your tenure at the University of Redlands.  

Exit Interview

Federal regulations require that you complete an Exit Interview upon graduating or separating from the university. This process is crucial and provides important information in regards to repaying your Federal Perkins Loan.

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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