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Skidmore College
Financial Aid Office

Federal Perkins Loan

  • Maximum eligibility for the student Federal Perkins Loan is $5,500 per year.
  • Loans have a fixed interest rate of 5% with no additional upfront fees.
  • Repayment begins nine months after a borrower ceases to be enrolled at least half-time.

    The Financial Aid Office will determine loan eligibility based on a student's financial need as determined from the Free Application for Federal Student Aid (FAFSA) and availability of Federal Perkins Loan funds. Not every student who demonstrates financial need will receive a Federal Perkins Loan as funds are limited.