The Federal Perkins Loan is a Federal loan based on financial need.

• Students must be accepted/enrolled in an undergraduate degree program.
• All Villanova students must complete the VU Institutional Financial Aid Application and an initial FAFSA or the Renewal FAFSA to be considered for this loan program.
• The Perkins Loan is a 5% interest loan and becomes payable nine months after leaving the University, or nine months after the student is no longer enrolled at least half time.  More information about the conditions of this loan is available on the campusoncall website.
• Entrance and Exit interviews for Federal Perkins Loans are required by federal law.
• No payments will be made to the student's account until all documents, including promissory note and Personal and Confidential form, have been completed by the student borrower and returned to the Office of Financial Assistance.
• A hold may be placed on a student's transcript if the student does not complete the exit interview.