Perkins Loan

The Perkins Loan program is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. Your school is your lender. The loan is made with government funds with a share contributed by the school. The following lists a few terms of the loan:

• Depending on when you apply, and your level of need, you can borrow up to $1,500 for each year of undergraduate study.
• Depending on when you apply, and your level of need, you can borrow up to $1,500 for each year of graduate study. The total amount you can borrow as a graduate/professional student is $40,000, including any Federal Perkins Loans you borrowed as an undergraduate.
• There are no loan fees associated with this loan.
• If you're attending school at least half time, you have nine months after you graduate, leave school, or drop below half time status before you must begin repayment.
• Perkins Loan has a forgiveness/cancellation provision available to students under certain circumstances. Information is available in The Guide to Federal Student Aid.

Loan Application Information

All students awarded a new Federal Perkins loan at UW-Superior must submit an application.  First time Perkins applicants (at UW-Superior) are subject to a credit report approval.  The application will be sent as a separate mailing after your Financial Aid award has been processed.  Applications are also available in the Perkins Loan Office located in Old Main 206.

If you have any questions regarding Perkins Loan applications please contact the UW-Superior Perkins Loan Office at 715-394-8348.

Master Promissory Note (MPN) Information

New borrowers will receive notification by e-mail to complete a Master Promissory Note at www.signmyloan.com. THIS IS NOT THE SAME MASTER PROMISSORY NOTE COMPLETED FOR DIRECT LOANS.

Borrowers who have previously received Perkins Loans will also be directed to www.signmyloan.com to view the acceptance and disclosure pages. Students should update any address, phone, or reference information as necessary.

IMPORTANT: Please do not change the "offered amount" published on the acceptance page. If changes are necessary please notify the UW-Superior Financial Aid Office at 715-394-8200 prior to completing the MPN.

If you have any questions regarding Perkins Loan Master Promissory Notes please contact the UW-Superior Perkins Loan Office at 715-394-8348.

Exit Interview Information

All Perkins Loan students leaving UW-Superior (including those graduating, withdrawing, or transferring to another college) must complete an exit interview at www.uasexit.com. THIS IS NOT THE SAME EXIT COUNSELING FOR DIRECT LOANS.

Additional information on the Perkins Loan is available online in The Guide to Federal Student Aid, or at the Perkins loan office, Main 206, (715) 394-8348.