Federal Perkins Loans are awarded to undergraduate, graduate, and law students with exceptional financial need, based on funding availability. When borrowing this loan, students should be aware that their lender is the University of Baltimore for the Perkins Loan.
- The interest is paid by the federal government during the in-school and 9-month grace periods.
- There are no origination or guarantee fees.
- The interest rate is 5%.
- There are flexible loan repayment and assistance options offered through the Bursar's Office.
Contact the Office of Financial Aid at 410.837.4763 for more information about the Perkins Loan. If you are in repayment of a Perkins Loan with UB, contact the Bursar's Office at 410.837.4848.