Federal Perkins Loan (Federal Student Loan)

A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students. A student does not begin paying back the loan until nine (9) months after graduation or separation from the College. This loan is awarded by the Financial Aid Office and is accompanied by a truth-in-lending statement and a pre-loan information sheet. The promissory note must be signed by the student before the account will be credited. When a student comes to the Financial Operations Office to sign the promissory note, he or she needs to bring the following: Social Security number, Driver's License number, and three (3) personal references (name, full address and telephone number with area code.)

If a student continues his education, by enrolling in another college or graduate school, the student is responsible for deferring the loan(s) until after graduation. The student must be at least a half-time student and will be required to notify Dickinson College of on going educational enrollment of at least half-time status each semester to retain a deferral on his Perkins loans. Proof of registration in another educational institution will be required. Deferment forms may be obtained by calling Dickinson College at (717) 245-1518 or by e-mailing us at stuaccts@dickinson.edu.

For more information about the Federal Perkins Loan and other Federal Loans, please check out the following web sites:

• http://www.ed.gov/prog_info/SFA/StudentGuide
• http://www.ed.gov/studentaid/repayment/teachers/perkins.html
• http://www.fleet.com/brefpppl.html

The Abe and Cora Hurwitz Student Loan Program

The Abe and Cora Hurwitz Student Loan Program is a low-interest (5 percent) loan that is awarded by the Financial Aid Office to selected students. Similar to the Federal Perkins Loan, interest does not accrue on this loan until graduation occurs or matriculation ends at Dickinson College. After a 6 month grace period the monthly payment will be at least $40.00 [including both principle and interest, and will extend no more than a maximum of ten years (120 months) for repayment.]

For more information, you can call Dickinson College at (717) 245-1518 or e-mail us at stuaccts@dickinson.edu.

The following information is for students who have been awarded a Federal Perkins Loan:

Federal Perkins Master Promissory Note

As you are aware, you have been awarded a Federal Perkins Loan for the current academic year as noted in your Financial Aid Package. Now that you've completed the Entrance Counseling, the next step is to print or download the Federal Perkins Master Promissory Note (MPN). The MPN is in Microsoft Word and PDF format.

It is in your best interest to read the document thoroughly. This is a loan that must be repaid. The MPN must be completed fully and returned to the Student Accounts Office for the funds to be credited toward your student account balance. The office hours are 8:30 am to 4:30 pm , Monday through Friday. The office is located in the Lower Level of the HUB.

Once you have accepted the loan, you have the right to cancel this loan 14 days prior to or after it being credited to your account. If you want to cancel the loan, you must send the request in writing to the Student Accounts Office, PO Box 1773 , Carlisle , PA 17013-2896 .

If you have questions regarding this loan or have difficulty completing the MPN, please email me at heckendo@dickinson.edu or call 717-245-1518.

Thank you,

Sally Heckendorn
Student Accounts Office
Lower Level HUB
(717) 245-1518

To print the Federal Perkins Master Promissory Note, select one of the following links:

• Microsoft Word Format
• Adobe Acrobat (PDF) Format

Financial Operations | 717.245.1383
Dickinson College, PO Box 1773, Carlisle, PA 17013