Federal Perkins Loan

A Federal Perkins Loan is a low-interest (five percent) loan for first-time undergraduates attending full-time. The amount you may receive depends on your financial need, amount of other aid you receive, and the availability of funds at NIU. You must repay this loan.

• All Perkins Loan recipients may fulfill their loan entrance counseling requirements electronically.
• All Perkins Loan recipients must complete a Master Promissory Note (MPN) located in their "to do list" at MyNIU.
• All Perkins Loan recipients must complete their loan exit counseling requirements just before they graduate or leave NIU.

More information on Loan Counseling at NIU.