Office of Financial Aid
  • Future Students
    Begin Your Journey at Berry

    » Admissions Home 

    » Academics Home 

    » Campus Life 

     

    Undergraduate Admission 

    Graduate Admission 

    International Admission 

    Transfer Admission 

    Athletics Recruiting 

    Financial Aid Information 

    Visit Campus 

    Information Request 

    Pay Your Deposit 

    Apply Online 

    VikingWeb Student Portal 

    Virtual Tour

  • Berry Students
    Student Services

    VikingWeb 

    Bookstore 

    Campus Safety 

    Career Center 

    Computer Labs 

    Counseling Center 

    Dining Services 

    Disability Services 

    Health & Wellness 

    Jobs on Campus 

    Mail Services 

    Tech Support 

    Tutoring 

    The Writing Center 

    Academics

    Academic Calendar 

    Academic Student Services 

    Campbell School of Business 

    Charter School of Education & Human Sciences 

    Evans School of Humanities, Arts & Social Sciences 

    School of Mathematical & Natural Sciences 

    Division of Nursing

    Majors/Programs 

    Catalogs 

    Honors Program 

    International Programs (Study Abroad) 

    Memorial Library 

    Research Scholarships and Programs 

    Student Life

    Dean of Students 

    Cage Center Info 

    Intramurals 

    KCAB 

    Outdoor Recreation 

    Rome Area Info 

    SGA 

    Service Opportunities 

    Sports/Athletics 

    Student Activities 

    Student Directory 

    Student Housing 

    Student Work 

    Viking Code Handbook 

    Viking Fusion 

    Students

    Enrollment & Financial Information

    Business Office 

    Financial Aid 

    Registrar 

    Tuition and Fees

  • Alumni & Friends

    Visit the Berry Alumni Web Site 

    Alumni Accent Archives 

    Alumni Center 

    Event Calendar 

    Berry Magazine 

    Sports Info & News 

    Support Berry 

    Alumni 
  • Parents & Family

    Parent Information 

    FAQ for Parents 

    Contacts 

    Admissions 

    Academic Programs 

    Academic Student Services 

    Berry News 

    Business Office 

    Campus Safety 

    Counseling Center 

    Dean of Students 

    Dining Plan 

    Financial Aid 

    Health & Wellness 

    Sports News & Info 

    Student Housing 

    Parents 
  • Faculty & Staff

    VikingWeb 

    Business Office 

    Campus Safety 

    Event Calendar 

    Faculty & Staff Directory 

    Human Resources (VikingWeb) 

    Mail Services 

    Tech Support 

    Faculty
  • Quick Links

    Academic Calendar

    Administration 

    Admissions Application 

    Alumni 

    Berry Kids Programs 

    BERRY Magazine 

    BOLD Program 

    Bookstore 

    Business Office 

    Campus Police 

    Campus Visit 

    Career Center 

    Catalogs 

    Chaplain's Office 

    Child Development Center 

    Commencement Information 

    Cottages 

    Counseling Center 

    Cultural Events Requirements 

    Dining 

    Driving Directions 

    Elementary/Middle School

    Financial Aid 

    First-year Experience 

    Graduate of Education 

    Health and Wellness 

    Human Resources 

    Information Technology 

    Institutional Research 

    Instructional Technology 

    Interfaith Council 

    International Programs (Study Abroad) 

    Intramurals 

    KCAB 

    Mail Services 

    Majors List 

    MBA Program 

    Multicultural Affairs 

    Oak Hill & The Martha Berry Museum 

    Outdoor Recreation 

    Pay Bill 

    Performing Arts 

    Plan4ward 

    President's Office 

    Provost 

    Public Relations 

    Quick Facts 

    Registrar 

    Research

    Residence Life 

    SGA 

    Student Activities 

    Student Orientation (SOAR) 

    Student Printing FAQ

    Student Work Experience Program 

    Sustainability and Environmental Compliance 

    Viking Code Handbook 

    WAC (Writing Across Curriculum) 

    Women's Studies 

    Writing Center 

Undergraduate Federal Perkins Loan

What Are Perkins Loan?

The Federal Perkins Loan is a low-interest, long-term loan made to undergraduate students who demonstrate financial need as determined by federal guidelines to help pay for their cost of education. Berry College receives funds directly from the Department of Education and is responsible for administering the loan program on our campus. Students repay directly to Berry College. Interest on the loan does not accrue on the loan during:

  • At least half time enrollment in school
  • The nine month grace period after the student ceases attendance on at least a half time basis.

Advantages of the Perkin Loan

  • The interest rate is 5%.
  • It carries no origination and guarantee fees.
  • Repayment of the loan does not begin until the student graduates or drops below half-time status.
  • In cases of economic hardship, payments may be deferred, extended, or reduced.
  • The loan is forgiven in case of permanent disability or death.
  • Repayment may be up to 10 years.
  • Certain professions and public service activities may qualify the student for future loan cancellation (including service in teaching, the Peace Corps, law enforcement, and nursing.)
  • Perkins Loans may be consolidated with Direct Student Loans for repayment purposes.

Eligibility for Perkins Loans

Your Perkins loan eligibility is determined by the Office of Financial Aid and is based on information you provided in the Free Application for Federal Student Aid (FAFSA).

Federal criteria include:

  • Enrollment in an eligible school and degree program
  • U.S. citizenship, permanent residency, or eligible noncitizen status
  • Satisfactory academic progress (as determined by the Office of Financial Aid)
  • No unresolved defaults or overpayments owed on Title IV educational loans and grants
  • Satisfaction of all Selective Service Act requirements

Loans are usually issued for a single academic year, and both eligibility and amount are calculated annually throughout your academic career.
Limited Perkins funds are available each year and funds are awarded on a first come, first served basis.

How Much Can I Borrow?

Perkins Loans are available for up to $5,500 during the academic year.

Interest Rates

The interest rate is 5%.

The Application Process

Federal regulations require that awards be made to students who demonstrate the most financial need. Although students cannot apply specifically for a Perkins Loan, students will be considered after the following:

  • Complete a Free Application for Federal Student Aid (FAFSA) application online at the Department of Education’s website www.fafsa.gov.
  • Once the FAFSA is processed, you will receive a Student Aid Report (SAR) documenting your financial resources and expected family contribution towards educational costs. An electronic copy will be sent to the Financial Aid Office of the school(s) listed on your application.
  • Check your SAR for accuracy. If there are errors, follow the correction process indicated on the SAR or as instructed by the Financial Aid Office.
  • From the information obtained in the SAR and other supporting documents, the Financial Aid Office will generate an award letter documenting the financial aid available to you, including Perkins Loan eligibility.

If your aid includes a Perkins Loan, processing will include the following steps.

  • The student may accept all or part of the loan online on VikingWeb.
  • For loan term details and counseling, the student should meet with a counselor in Berry's Office of Financial Aid.    
  • After taking these steps, the student must complete the Perkins Loan Contract and Master Promissory Note with our Student Business Office.

Disbursements of Funds
The loan proceeds will be processed through the Student Business Office. Funds will credit first to your tuition account. Any excess funds will be mailed to your permanent address or another address, if you have notified the Student Business Office of the other address.

Copyright © 2013 Berry College • 2277 Martha Berry Hwy NW • Mount Berry, GA 30149 • (706) 232 5374
  Berry Home | Directions | Policies | Employment | Translations: Chinese | Español | Korean   
Follow us:
  • Facebook
  • Twitter
  • YouTube
  • Vimeo
  • LinkedIn
  • Flickr
  • Instagram
Hide Berry Social Media Channel