The Federal Perkins Loan is a low-interest, federal loan for students with exceptional financial need. These loans bear a low fixed interest rate of 5 percent and are distributed by the college.
There is no processing fee related to this loan. Interest accrual and repayment begins nine months after graduation or after a student ceases to be enrolled at least half time.
The maximum length of time to repay a Perkins Loan is 10 years or $40 a month, whichever results in a larger payment.
Loan billing services are provided by University Accounting Services (UAS). Borrowers may view their loan online at uasconnect.com. You may call UAS at 844/870-8701 or Sara Rosenberger at 503/777-7504 for help with any of the loan programs.
The Perkins Loan in repayment
Reed College is the lender for the Federal Perkins Loan Program and repayment is made to the college. You will receive bills from University Accounting Service (UAS), our billing servicer. Borrowers may view their loan and make payments online. You may call UAS at 844/870-8701 or Sara Rosenberger at 503/777-7504 for help with your Perkins Loan.