The Perkins Loan is awarded to undergraduate and graduate students with exceptional financial need. This is a campus-based loan program, with the school acting as the lender using a limited pool of funds provided by the federal government. The amount of Perkins Loan you receive is determined by your school's financial aid office. The program limits are $4,000 per year for undergraduate students and $6,000 per year for graduate students, with cumulative limits of $20,000 for undergraduate loans and $40,000 for undergraduate and graduate loans combined.
If you have been awarded Perkins Loan as part of your financial aid package and this is your FIRST TIME borrowing the Perkins loan, please follow the 2 steps below to apply for the loan and receive the loan funds;
The federal government requires that first-time Federal Perkins Loan borrowers complete an online entrance counseling session before receiving loan proceeds. The session helps students to understand their rights and obligations as a student loan borrower. Click here to begin your Perkins entrance counseling session at Mapping Your Future.
You must sign the Perkins master promissory note (MPN) the first time you borrow a Perkins loan. Should you receive Perkins loan as part of your financial aid in subsequent years, your loan funds will automatically be disbursed to your student account. Click here to download the Perkins master promissory note (MPN).
Once you have signed and dated the MPN please mail it to:
Franklin & Marshall College
Attn: Business Office/Donna Dull
PO Box 3003
Lancaster, PA 17604-3003
Donna Dull manages the Perkins loan while you are attending F&M. You can email her at email@example.com or contact her at (717) 291-4205