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  • 2m.

    Repaying Perkins Loans

    Perkins loans feature more repayment benefits than other federal student loans: a longer grace period (9 months), special postponements, and exclusive forgiveness options.
    Updated: November 2, 2016

    What You'll Learn

    • Who you make your payments to.
    • When your payments begin.
    • Special benefits for Perkins loan borrowers.

    Young man sitting at laptop

    The Highlights

    Are my payments due immediately?


    Is it OK to make payments ahead of schedule?


    Can I shrink my monthly payments?


    Can I postpone repayment with a deferment?


    Will the government pay the interest during the deferment?


    Can I find these records online?


    Dig Into The Details

    When Do My Payments Start?

    Nine months after you graduate, withdraw, or drop below half-time enrollment.

    Who Do I Pay?

    Most likely, your school—which will also determine how often (monthly, quarterly, bi-monthly) and how much your payments are. The minimum payment for Perkins loans is $40, though your actual payment may be more than that.

    Unlike other types of federal loans, Perkins loans have few repayment options. For instance, you do not have the ability to extend your monthly payments beyond 10 years. Only standard repayment and graduated repayment plans are available (unless the loan is consolidated), and the process for changing your payments is also different from other federal loans. Reach out to your school’s bursar or student accounts office to find out who you need to speak to change your repayment plan. Some schools manage their Perkins loan program on their own, and some may use a servicer. 

    Still, talk to your school if you are having trouble making payments, as you may be able to set up a different plan with them.

    How Do I Know If I Have Perkins Loans?

    Check the U.S. Department of Education's National Student Loan Data System (NSLDS®) for info on these federal student loans. NSLDS will tell you:

    • If you have Perkins loans.
    • How much you owe on them.
    • Whom you should contact about repayment.

    Note: As of October 1, 2015, only some current Perkins loan borrowers are eligible to receive new Perkins loans. In addition, no further Perkins loans will be disbursed after September 30, 2020.

    Be Money Smart

    Perkins loans come with repayment benefits that other loans don't:

    If you're thinking about consolidating your loans, know that you could lose these Perkins-specific benefits—and your 9-month grace period.

    Learn more about student loan repayment options with the Salt® Repayment Navigator.

    Devolución de préstamos Perkins

    Actualizado: 2 noviembre 2016

    Lo Que Aprenderás

    • Cómo funcionan los Préstamos Perkins.
    • En qué difieren de otros préstamos estudiantiles.
    • Beneficios especiales para prestatarios de préstamos Perkins.

    Young man sitting at laptop

    Puntos Destacados

    ¿Mis pagos vencen inmediatamente?No
    ¿Está bien si realizo mis pagos antes de la fecha?
    ¿Puedo reducir mis pagos mensuales?
    ¿Puedo posponer la devolución con un aplazamiento?
    ¿El gobierno pagará los intereses durante el aplazamiento?
    ¿Puedo encontrar estos registros en línea?

    Entra En Detalles

    ¿Cuándo comienzan mis pagos?

    Nueve meses después de que te graduaste, abandonaste o se redujeron tus estudios a menos de tiempo medio.

    ¿A quién le pago?

    Por lo general, a tu universidad, la cual también determinará qué tan seguido (mensual, trimestral, o bimestralmente) y de cuánto son tus pagos. Al contrario de otros tipos de préstamos federales, los préstamos Perkins tiene pocas opciones de devolución. Por ejemplo, no puedes prolongar tus pagos mensuales por más de 10 años. Solo están disponibles los planes de Pago BásicoGradual  (a menos que el préstamo esté consolidado) y el proceso para cambiar tus pagos también es diferente al de otros préstamos federales.

    Aun así, si tienes problemas al realizar pagos, ponte en contacto con tu facultad para que puedas elaborar un plan diferente con ellos.

    ¿Cómo puedo saber si tengo préstamos Perkins?

    Revisa el sistema nacional de registro de préstamos educativos National Student Loan Data System O NSLDS® por sus siglas en inglés para obtener información sobre estos préstamos estudiantiles federales. El NSLDS te brindará información acerca de:

    • Si tienes préstamos Perkins
    • Cuánto debes
    • Con quién te debes comunicar para saber acerca de la devolución

    Toma Decisiones Inteligentes Con Tu Dinero

    Los préstamos Perkins incluyen beneficios de devolución que otros préstamos no tienen:

    Si estás pensando en consolidar tus préstamos debes saber que estás sujeto a perder estos beneficios específicos Perkins (y también tu período de gracia de 9 meses).

    Aprende más sobre maneras de pagar préstamos con nuestro Repayment Navigator (sólo funciona en inglés por ahora).

    Was This Useful?


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