Perkins Loan Program

Federal Perkins Loan

The Perkins Loan program has expired as of Oct 1, 2017, which means no new loans will be processed in this program. Any student who received a first disbursement for 2017-2018 prior to Oct 1, 2017 is eligible for subsequent disbursements during the 2017-2018 year. There will be no loans awarded during 2018-2019 and beyond. The Federal Perkins Loan is a low interest, need-based loan. Students must attend at least half time to receive these funds. The Financial Aid Office determines the award amounts annually based on the amount of funds available. Perkins Loans are awarded after all Subsidized and Unsubsidized Direct Loans for which the student is eligible.

Loan Terms:

  • 5% fixed interest rate.
  • No interest while the student is attending at least half time.
  • After student stops attending at least half time, there is a 9 month grace period.  Repayment begins and interest starts accruing after the grace period.

Perkins Master Promissory Note

First time borrowers must complete a Perkins Master Promissory Note in order to receive their loan disbursement.  The Master Promissory Note will be used for all subsequent Perkins disbursements until one of the following occurs: you inform the Student Financial Services Office you no longer want the note used for additional loans, there is no loan disbursement within 12 months of the date the note is signed, or the note is expired because it has been 10 years from the date signed.

In order to complete your promissory note, you will need to validate your identity.  You will also need complete reference information for yourself, next of kin (a relative), and two additional references.  Be sure all information is accurate or your disbursement will be delayed.  It is recommended you print a copy of your promissory note for your records.

Complete your promissory note now:


All Perkins Loans awarded at UW-Whitewater are serviced by ECSI.  Students who have questions about repayment, loan deferment, or loan forgiveness should contact ECSI at 1-888-549-3274.  Students who wish to consolidate their Perkins Loan with their Direct Loan payment should contact their Direct Loan Servicer.




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130 Hyer Hall
University of Wisconsin-Whitewater
800 West Main Street
Whitewater, WI 53190

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