Federal Perkins Loan
A Federal Perkins Loan is a low-interest (5 %) loan for undergraduate and graduate students with financial need. Funds come directly from the U.S. government but Cal State East Bay is the lender and borrowers repay loans directly to the University. Although the federal government allocates some additional Perkins Loan funds to schools each year, most of the Perkins funds are from previous Perkins Loan recipients who are now repaying their loans.
Federal Perkins Loan borrowers must meet specific need eligibility criteria. Your Expected Family Contribution (EFC) must fall within a certain range before you will be offered this loan.
Perkins Loan Limits
A Perkins Loan has an annual loan limit and a lifetime aggregate or total limit as shown below. Perkins Loan repayment begins 9 months after you drop below half-time enrollment for any reason. You may be allowed up to 10 years to repay your Perkins Loan.
|Annual Loan Limit||$1,800||$2,400||$3,000|
|(5% Interest Rate)|
Perkins Loan Debt Cancellation Programs for Teachers
Borrowers who teach full-time in designated elementary or secondary schools serving low-income students, full-time teachers in certain subject areas, and full-time teachers of handicapped children may have up to 100% of Perkins Loan debt canceled. Certain other public service professions also qualify for Perkins Loan cancellation. Contact the Financial Aid Accounting Office, (510) 885-3757 if you received a Perkins Loan, and believe you qualify for one of these loan cancellation programs.
Don't Forget to File a FAFSA for Each Year
Students must apply each year to obtain financial aid or to continue receiving aid by submitting a FAFSA. FAFSA deadline for priority consideration is March 2.
Contact the Office of Financial Aid:
The Enrollment Information Center (EIC) is located on the first floor of the Student Services and Administration Building on the Hayward Campus. The EIC is open Monday - Thursday 8:30 a.m. – 5:30 p.m. and Friday 10:00 a.m. - 5:00 p.m.
Extended hours during the first five days of each quarter: Monday - Thursday 8:00 a.m. - 6:00 p.m. and Friday 8:00 a.m. - 5:00 p.m.
Call (510) 885-2784; or FAX (510) 885-2161. Telephone assistance is available Monday - Thursday 10:00 a.m. - 3:00 p.m. We are not available by phone on Fridays, please call back on Monday or e-mail firstname.lastname@example.org
The Academic Service Center, Concord Campus is Open Monday - Thursday 10 a.m. - 6:30 p.m. for Admission, Financial Aid, and Registrar general questions.
Financial aid counselor appointments are available the second Tuesday of each month from 3:00 p.m. - 6:00 p.m.
Call (925) 602-6700
Contact Student Financial Services:
Student Financial services is located on the first floor of the Student Services and Administration Building on the Hayward Campus.
Open Monday - Thursday 8:30 a.m. - 5:00 p.m., Friday 9:00 – 4:30 pm.
Call (510) 885-3767
Offices Closed on Holidays
The above listed hours of operation are subject to change, and not applicable when the University is closed for regularly scheduled holidays.