Federal Perkins Loan
The Federal Perkins Loan is designed to assist students with low family incomes and exceptional financial need. It offers a low-interest rate and more generous repayment terms than the other federally sponsored student loan programs.
Due to the Federal Perkins Loan Program Extension Act of 2015 (The Extension Act), enacted on December 18, 2015, the Federal Perkins Loan Program expired on September 30, 2017.
Interest Rate
Fixed at 5 percent.
When to Repay
Repayment begins and interest begins to accrue at nine months after graduation, withdrawal or less than half-time enrollment. No interest accrues on Federal Perkins Loans while the borrower is enrolled at least half-time.
Perkins Loan Exit Interview
If you are graduating, taking a leave of absence or enrolling less than half-time, federal regulations require you to complete an exit interview counseling session with the student loan specialist at:
Student Loans/Collection Office of Financial Services
The Claremont Colleges Services (TCCS)
101 South Mills Avenue
Claremont, CA 91711
Complete the exit interview personal information (PDF) form before meeting with the student loan specialist. You can contact the student loan specialist at 909.621.8271 for more information.
Making a Payment for Your Perkins Loan
If you want to make an online payment for your Perkins Loan, visit Heartland ESCI, the loan servicer that Harvey Mudd uses to process Perkins Loan payments.
Afford Resources
- Net Price Calculator
- HMC Applicant Hub – For Applicants and Admitted Students
- Financial Aid @ HMC Portal – For Current Students
- Admission and Financial Aid Announcements
- Applying for Financial Aid
- Downloadable Forms
- Handshake Job Search
- CSS Profile
- Free Application for Federal Student Aid (FAFSA)
- Institutional Documentation Service (IDOC)
- studentaid.gov
- Direct Loan Exit Counseling
- Direct Loan Exit Counseling Guide (PDF)
- Consumer Information Disclosures
- Outside and Private Awards
- Understanding Your Financial Aid Package (PDF)
- Federal Direct Loans (PDF)
- Contact Financial Aid
- Submit Requested Document(s) Online
Personal Information in Emails
Be sure to redact all personal identifiable information (PII), such as, social security numbers, date of birth, etc. when sending documents via email.