Perkins Loans

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A Federal Perkins Loan is a low-interest loan offered to Big Bend Community College undergraduate students with exceptional financial need.  BBCC is your lender.  The loan is made with  funds repaid to BBCC by previous Perkins Loan recipients.  You must repay this loan to BBCC, or to the billing service engaged by your school as its agent to administer billing and collection functions.

The interest rate is fixed at 5%.  The interest does not accrue while you are in school, during your grace period, and during authorized periods of deferment. 

Repayment begins nine months after you are no longer enrolled on at least a half-time basis.

Maximum Perkins Annual loan amount for undergraduate students is $4,000.

If your financial aid package includes a Perkins Loan you must accept it in order to receive the funds.  If you do not want the loan, contact the financial aid office at 509-793-2061 to deactivate this portion of your award.

 

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