The Federal Perkins Loan Program, which is now defunct, was a low interest loan program for students with qualifying financial need. Northeastern State University was the lender for this loan, and the loan was made with government funds. Repayment for this loan begins nine months after you graduate, leave school or drop below half-time enrollment.
Loans are funds that must be repaid with interest, usually after the student leaves college. Student loans are a serious financial obligation and we encourage you to be very careful with your student loan borrowing. It is very easy to incur a large student loan debt through these loan programs.
Perkins Promissory Notes
A Federal Perkins Loan Master Promissory Note gives information on the terms and conditions, repayment, forbearance, deferment or cancellation of the loan. If you received a Perkins Loan while enrolled at NSU, please contact the Perkins Loan Office at 918-444-2166 for more information.
Perkins Loan Deferment and Cancellation
Qualifying borrowers may be eligible to defer or cancel their Federal Perkins Loan.
The two options for deferment are called economic hardship or unemployment. If you have other student loans (ie. Stafford, GSL, HEAL, etc.), that are in deferment or forbearance, your Perkins may also qualify.
Some borrowers may qualify for the cancellation program if they have a qualifying job. Some jobs that are eligible for this program are: law enforcement; teaching in a low income/non profit school, teaching math, science or special ed at any school; a social worker that works with children; nurse or medical technician among others.
If you have any questions filling out the form, which form to choose or where to send it, please call 918-444-2166.
Visit the ECSI website for the deferment, forbearance, and cancellation forms