Federal Perkins Loan Repayment

Contact Information:

CSB Students:
Dave Schneider
CSB Student Accounts

PO Box 718
Wexford, PA 15090

SJU Students:
Michelle Hemmesch or Bonnie Meyer
SJU Student Accounts Office

Heartland ESCI
G6-Saint John's University
100 Global View Drive
Warrendale, PA 15086

What are the terms of the loan?

The Federal Perkins Loan is interest-free to you during in-school deferment, and grace periods. When you enter repayment, the annual interest rate is 5%.

When do I begin repayment?

Repayment of our student loan does not begin until nine months after you have either graduated or ceased being at least a half-time student. During this grace period you are not required to make any payments and interest will not accrue on your loan.

Are there any provisions regarding cancellation of the Perkins loan?

Yes, below are loan cancellation conditions and the maximum percentages of the loan that can be canceled.

Cancellation Criteria

Cancellation %

Full-time teaching in low-income school eligible for funding 100%
Full-time teacher of math, science, foreign languages, bi-lingual education or other as determined by state agency 100%
Full-time special education teacher, including teacher of infants, toddlers, children or youth with disabilities 100%
Full-time employment in a Head Start program 100%
Nurse or medical technician providing health care services 100%
Provider in a public or private nonprofit child or family service agency 100%
Professional provider of early intervention services 100%
Service in the U.S. Armed Forces 50%
Peace Corps or ACTION program volunteer 70%
Full-time law enforcement or correction officer 100%
Total and permanent disability or death of borrower 100%


For more information regarding the Perkins loan see the loan book or contact the appropriate person listed above.