300 Jay Street
Namm Hall, Room NG-13
Brooklyn, NY 11201
|FAFSA: 002696||TAP: 1405|
The Federal Perkins Loan is a low interest loan (5%) awarded (by the college) to students who carry at least six credits and who demonstrate financial need. It can be used for tuition or other educationally related expenses. The amount actually received depends on financial need, amount of other aid, availability of funds at the school.
The loan will be divided into two payments to cover the academic year. You will receive your loan payment through the school. The school will credit your tuition account and then, if funds are remaining, will either mail you a check or directly deposit the remaining funds to your bank account. Arrangements for direct deposit can be made at the Bursar’s Office, Room NG-06. Click here for the current check distribution calendar.
You begin repayment nine (9) months after you graduate or if you fall below six (6) credits or stop attending. Students are required to complete an online Exit Interview. The interview is designed to provide the borrower with information regarding rights and responsibilities related to repayment of the loan.