Federal Perkins Loans are awarded to students on the basis of financial need as calculated from the financial aid form. The interest rate is five percent per year. Interest does not accrue during the period that the student is enrolled in college on at least a half-time basis. Repayment begins nine months (grace period) following the student’s departure from Baldwin-Wallace College.
The Federal Perkins Loan Office administrates the loan from the time of disbursement (while the student is in college), through payment in full (repayment schedule – ten years maximum). Federal Perkins Loan regulations allow various types of deferment and cancellation benefits including school deferment, teacher cancellation, etc.
For further information about Federal Perkins Loans, you may contact:
Marcia Shaffer – Loan Administrator
Bonds Building, Room 114
(440)826-2218
More details concerning the Federal Perkins Loan is available courtesy of the Financial Aid Office.
275 Eastland Rd.