The Federal Perkins Loan Program provides low interest (fixed 5%) loans to help students finance the cost of post-secondary education.
Perkins borrowers are eligible for loan cancellation for teacher service at low-income schools and under certain other circumstances specified in the law (HEA). Students may defer repayment of the loan while enrolled (at least half-time) at a post-secondary school. A borrower who has difficulty repaying a Perkins Loan should contact their school to find out if he or she is eligible for a deferment or forbearance based on economic hardship or other circumstances.
It is important to note that Middlebury partners with a third-party servicer, Heartland ECSI, to manage your Perkins loans.
Students in repayment should visit Heartland ECSI to track their billing status.