The Perkins loan is a campus-based federally subsidized loan program awarded to renewal students with exceptional need who are enrolled at least half-time and meet additional requirements. The MPN is valid for up to 10 years, and will be used for all Perkins loans borrowed while enrolled at Rice. The interest rate is 5.0%, and repayment begins 9 months after the student graduates, drops below half-time or withdraws from Rice. For more information please visit Perkins Loan.
Students MUST have received the loan previously to be awarded a Perkins Loan.
2016-2017 Aid Year, returning students click Perkins Loan Update 2016-2017
Once awarded a Perkins loan:
You have the option to reduce or cancel your loan prior to disbursement or within 14 days after the funds have disbursed.