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Perkins Loan

The Perkins loan program was phased out as of 10/1/2017


The Perkins loan program was formally available for those students with financial need.  The Financial Aid Office at William & Mary selects students who were eligible to receive a Perkins loan. Funds are repaid at 5% interest beginning nine months after you complete full-time school. Interest does not accrue while you are in school or during your nine month grace period. Undergraduate awards are usually restricted to $3000 or less per year, though the annual maximum is limited to $5,500 by the Federal guidelines.


Even though the awarding of Perkins loan funds has been discontinued all disbursed loans are subject to repayment.  Perkins Loans are administered through Receivables & Collections. Information about the exit interview and loan servicing you can review the information on the Receivables & Collections page.