Select programs may utilize federal Perkins loans for students who have completed the FAFSA. While you cannot apply for this loan directly, the terms of the federal Perkins loan are listed below for those who were determined eligible and have been offered this loan by your graduate or professional program:
- No interest accrues while attending Duke
- Upon graduation or ceasing to attend school, your loan will accrue interest at 5%
- Maximum annual amount is $8,000
- Offers many options for loan forgiveness after graduation, depending upon your type of employment
Duke will determine if you are eligible for this loan once your FAFSA application is received.
Note: As of October 2015, the federal government has discontinued the Perkins loan program. No new Perkins loans can be issued as the program has ended.