Federal Perkins LoanInterest Rates and FeesFixed 5% interest rate with no fees.No interest is charged during enrollment, grace, and deferment periods. Loan MaximumFor 2008-2009 the maximum amount awarded to Chapman students was $1,500. The federal maximum is $5,000 annually and $30,000 cumulatively, including undergraduate and graduate combined.RepaymentBegins nine months after student graduates, falls below half-time, or withdraws from school. Principle payments are deferred while are enrolled at least half-time. The minimum monthly payment is $40, with a maximum repayment term of 10 years. |
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