The Federal Perkins loan program is a limited availability, need based, federal loan program. To qualify you must file a FAFSA and utilize your full Subsidized Stafford Loan Eligibility each year. Perkins loans are administered through the college and serviced by ECSI (Educational Computer Systems, Inc.). Perkins loans have a low fixed interest rate of 5% and can be awarded up to $4000 annually. Actual loan amounts awarded are determined by the college and FAFSA information. Repayment begins 9 months after ceasing to be enrolled as at least a part time student.
If you are awarded a Perkins Loan, you must accept your award on-line through the Maryville College On-line Financial Aid System: you must choose “accept” for the Federal Direct Stafford Loan before accepting the Perkins Loan, then accept all other aid and click on "submit" to finalize your acceptance. To access the website, you will need your MC Online Financial Aid Web ID and your MC Online Financial Aid System PIN.
If you need assistance with your Web ID or PIN , please call the Financial Aid Office at (865) 981- 8100.
Your Perkins Loan will not be disbursed to your Student Account until the Perkins Award has been accepted.
After you have accepted your Perkins loan, you may complete your on-line entrance counseling and e-sign your Perkins Master Promissory Note (MPN) by clicking here or from the Maryville College On-Line Financial Aid System "Documents & Loan Information" tab. Your FAFSA Federal PIN will be required to electronically sign your Perkins Master Promissory Note. You will only be required to sign the Perkins loan MPN one time while continuously enrolled at Maryville College.
Your Perkins loan cannot be disbursed until the entrance interview and MPN have been completed.