Federal Perkins and Nursing Loan Programs

Carl D. Perkins Loan Program

The Perkins Loan is need-based financial aid offered by the College to students with demonstrated financial need. As such, the FAFSA is required. The Perkins Loan is a subsidized (interest deferred) loan with a 5% fixed interest rate. The Perkins Loan also carries a 9 month grace period before repayment begins after graduation (or dropping below a half-time enrollment).

The Perkins Loan application is a paper process managed by the William Jewell College Student Loan Coordinator. You will be notified to complete and sign your loan documents in the weeks prior to the first day of classes. Questions may be directed to the Student Loan Coordinator via e-mail.

Loan forgiveness of a Perkins Loan may be available for students pursuing designated career paths such as teaching, nursing, law enforcement, and social services.

Federal Nursing Loan Program

The Federal Nursing Loan is very similar to the Perkins Loan except that it is funded by the Department of Health and Social Services rather than the Department of Education. A Nursing Loan also lacks forgiveness opportunities. To be eligible for the Federal Nursing Loan, borrowers must adhere to the new Federal Truth in Lending Act (TILA) requirements. To complete this process, click on the link below.

A Personal and Confidential Form must be completed for Perkins and Nursing Loan processing. Submit this form to the Student Loan Coordinator at William Jewell College, 500 College Hill, Campus Box 1028, Liberty, MO 64068 or e-mailed to studentloans AT william.jewell DOT edu.

   

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