Federal Perkins Loan

This loan program is administered by Southwestern Michigan College and provides long-term, low-interest loans to students. The repayment period and interest begin nine months after the completion of studies. Before receiving a Perkins Loan, you must complete a pre-loan counseling session and complete the Free Application for Federal Student Aid (FAFSA).

You must have sufficient need according to the FAFSA results in order to qualify for a Perkins Loan and you must also sign a promissory note (promise to repay). Funds are disbursed during the semester. You may apply beginning April. Because Perkins Loan funds are limited, you are encouraged to apply as soon after April 1 as possible.

Federal Perkins Loan Process

To apply for a Perkins Loan, follow these steps:

1. Submit a current Free Application for Federal Student Aid (FAFSA) and complete your financial aid file at SMC.
2. Meet SMC’s Satisfactory Academic Progress Policy.
3. Visit the Federal Perkins Loan Program Web site
4. Complete Federal Perkins Entrance Counseling.
5. You will be contacted by the Financial Aid office at Southwestern Michigan College regarding your eligibility.