What is a Federal Perkins Loan?
A Federal Perkins Loan is a low-interest loan for both undergraduate freshmen and sophomores and graduate students with financial need. UC Berkeley is your lender. The loan is made with government funds, and UC Berkeley contributes a share. You repay this loan to UC Berkeley. If you have left the University and have questions about your Perkins Loan, please send them to email@example.com.
How to Receive a Federal Perkins Loan
To receive a Federal Perkins Loan at Berkeley, take the following steps:
|1. Make sure your financial aid file is complete.|
|2. Accept your Federal Perkins Loan in MyFinAid on the Award Details page.|
|3. Complete a Federal Perkins Loan Entrance Counseling Session.|
|4. Complete and sign the required Federal Perkins Loan Master Promissory Note online.|
|5. Be enrolled at least half-time.|
1. Make sure your financial
aid file is complete. If any documents are missing, your Perkins Loan will not pay. To find out if you have any missing documents, go to MyFinAid and look in the Required Documents section.
2. Accept your Federal Perkins Loan in MyFinAid on the Award Details page. Review your awards to see if the Financial Aid and Scholarships Office has offered you a Federal Perkins Loan. Not all students are eligible for this type of loan. Accept your Perkins Loan in MyFinAid and be sure to type in the actual dollar amount that you are accepting for each semester.
3. Complete a Federal Perkins Loan Entrance Counseling Session. The U.S. Department of Education (ED) requires borrowers to complete a Loan Entrance Counseling session, including information about loan-repayment obligations and the consequences of default, before Perkins Loan funds are disbursed. Go to www.fc.campusoncall.com/cgi-bin/home.pl?campus=berkeley, click on the Entrance Interview link, and complete the Entrance Interview.
4. Complete and sign the required Federal Perkins Loan Master Promissory Note (MPN) online. After you complete your Entrance Interview, you will see a pop-up button that takes you to your Master Promissory Note. Click on the pop-up button and complete your Master Promissory Note.
You will be required to use your U.S. Department of Education-issued personal identification number (PIN) to complete your electronic MPN. For additional information or to ask general PIN questions, visit the official PIN website at pin.ed.gov. After entering all of the required information for the MPN, print the MPN for your records. Be sure to click on the last Submit button to finalize the process.If you cannot successfully complete the online MPN, contact us for assistance by sending an email to firstname.lastname@example.org. Be sure to include your UC Berkeley student identification number. 5. Be enrolled at least half-time. For your Federal Perkins Loan funds to be disbursed, you must also be enrolled at least half-time (6 units) and have no registration or financial blocks. The Federal Perkins Loan funds will be transferred to your Campus Accounts Receivable System (CARS) account, where they will pay any outstanding balances, and/or you will receive a CARS refund.