Federal Perkins Loans
The University participates in the Federal Perkins Loan program. Students demonstrating exceptional need to meet educational expenses are eligible to receive consideration for this loan. The aggregate amount of funds eligible students may borrow is (1) $4,000 per year for undergraduates and (2) $6,000 for graduates.
Repayment begins nine months after the student graduates or leaves school. The student may be allowed up to ten years to repay the loan. During the repayment period, the student will be charged 5 percent simple interest on the unpaid balance of the loan principal. The minimum monthly payment is $40. Students who complete the Georgia College & State University FAFSA application process are considered for the loan. Detailed information may be found at Student Aid on the Web. If you have any questions please contact the Financial Aid Office.