A Federal Perkins Loan is a low-interest loan (5 percent) for students with exceptional financial need. These loans are made through the Office of Financial Aid. Eligible students can borrow up to $4,000 for each year of study depending on when you apply, your financial need, and the funding level of the school.
Perkins Loan borrowers have the right to cancel their loan disbursements within 14 days of the disbursement notice. Should you decide to cancel the disbursement of your Perkins Loan, you should contact the One Stop Center at Enrollmentservices@ltu.edu in writing within the specified time period. By canceling the disbursement, you will be responsible for any unpaid tuition and fees, as well as repayment of loan funds already paid to you.