A need-based loan program administered by Rensselaer. The interest rate is 5%, with a 10-year repayment period beginning 9 months after you graduate or cease to be enrolled as a half-time student. The loan is interest-free while you attend college at least half-time. You must be enrolled at least half-time to receive this loan. We will notify you later via email of the next steps to get this loan.
Note: The Perkins Loan Program is scheduled to be ended by US Department of Education on September 30, 2017.