Purdue Global: Perkins Loans Availability And Options

Purdue Global offers various financial resources to help students pay for their education. Students are eligible to apply for the Title IV federal student loan programs, including Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans. Additionally, undergraduate students who have not previously earned a degree may be awarded Federal Pell Grants, with a maximum grant of $7,395 for the 2024-2025 award year. Purdue Global also provides information on loan repayment plans and deferments. While it is unclear whether Purdue Global specifically offers Perkins loans, Purdue University does offer Federal Perkins loans, which are managed by the University Receivables and Collections Office.

Purdue Global offers various financial resources to help students pay for their education

Purdue Global offers a variety of financial resources to help students pay for their education. These include federal and state aid, loans, grants, and federal financial aid. The University Receivables and Collections Office manages the administration of the Federal Perkins, Health Profession, and Purdue Institutional loan programs. These programs are managed in accordance with Federal, State, and University regulations.

Purdue Global students are eligible to apply for the Title IV federal student loan programs. The University currently offers Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans through the William D. Ford Direct Loan program with the U.S. Department of Education. Federal loans are generally lower-interest rate loans offering students a grace period in which payments are not due, as well as multiple repayment plans.

Purdue Global also offers Federal Pell Grants, which are awarded to undergraduate students who have not previously earned a bachelor's, master's, or professional degree. The maximum Pell Grant award for the 2024-2025 award year (July 1, 2024, through June 30, 2025) is $7,395.

Additionally, Purdue Global provides a 3-week trial period for students to explore their programs without any financial obligation or cost. Students who choose to continue after the trial will be billed for the full first term's tuition, including the trial period.

The University also offers a DREAMers Education Initiative, providing affordable and career-focused education to DREAMers, with personalized student support services. Purdue Global also has options for military students, with credits awarded towards an associate's or bachelor's degree.

To apply for financial aid, students can complete the Free Application for Federal Student Aid (FAFSA) and review their funding offer with a Student Finance Office Coordinator. The U.S. Department of Education's Federal Student Aid website also provides a Loan Simulator calculator to estimate monthly repayment amounts.

Students can apply for the Title IV federal student loan programs

Purdue Global students are eligible to apply for the Title IV federal student loan programs. The University currently offers Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans through the William D. Ford Direct Loan program with the U.S. Department of Education. Federal loans are generally lower-interest rate loans offering students a grace period in which payments are not due, as well as multiple repayment plans.

To apply for a Direct Loan, students must complete a Free Application for Federal Student Aid (FAFSA) and electronically sign a Master Promissory Note (MPN). Students should be aware that a conviction for any drug-related offense during a period of enrollment for which they are receiving Title IV funds will result in the loss of eligibility for any Title IV grant, loan, or work-study assistance. If a student is convicted of a drug offense while receiving Federal aid, they must notify the Office of Financial Aid immediately.

The U.S. Department of Education awards more than $120 billion a year in grants, work-study funds, and loans to cover expenses such as tuition and fees, room and board, books, supplies, and transportation. Title IV aid can also be used to pay for other education-related expenses, such as a computer and dependent care.

Purdue Global offers various financial resources to help students pay for their education, including Federal Pell Grants, which are awarded to undergraduate students who have not previously earned a bachelor's, master's, or professional degree. The maximum Pell Grant award for the 2024–2025 award year (July 1, 2024, through June 30, 2025) is $7,395.

Federal loans are generally lower-interest rate loans

Federal student loans are generally lower-interest rate loans. Purdue Global students are eligible to apply for the Title IV federal student loan programs. The University currently offers Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans through the William D. Ford Direct Loan program with the U.S. Department of Education.

Federal loans are also advantageous because they offer students a grace period in which payments are not due, as well as multiple repayment plans. The Federal Student Aid website provides a Loan Simulator calculator that students can use to estimate monthly repayment amounts for their federal student loans. Additionally, loan deferment temporarily postpones payment on a loan (under certain conditions), during which interest generally does not accrue.

Federal student loans are also beneficial because they are regulated by the government. The federal funds rate is the target interest rate set by the Fed and influences the interest rates of federal student loans. This rate is a cornerstone of U.S. monetary policy and has far-reaching economic consequences. It is determined by the Federal Open Market Committee (FOMC), the policymaking body of the Federal Reserve System.

In addition to federal loans, Purdue Global offers various other financial resources to help students pay for their education. These include Federal Pell Grants, which are awarded to undergraduate students who have not previously earned a bachelor's, master's, or professional degree.

Students can access Purdue Global’s Financial Aid Information Guide to view a sample repayment schedule

Purdue Global offers various financial resources to help students pay for their education. These include federal and state aid, as well as grants and scholarships. Students can access Purdue Global's Financial Aid Information Guide to view a sample repayment schedule. This guide provides information on loan repayment plans, deferments, and more.

Purdue Global students are eligible to apply for the Title IV federal student loan programs. The University currently offers Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans through the William D. Ford Direct Loan program with the U.S. Department of Education. These federal loans typically offer lower interest rates and multiple repayment plans.

Additionally, Purdue Global awards scholarships and discounts based on merit, military service, need, and academic program acceleration. These scholarships and awards have specific requirements and are subject to change. Students enrolled in ExcelTrack programs, for example, are not eligible for Purdue Global scholarships.

To maintain eligibility for federal financial aid, students must make satisfactory academic progress toward completing their program. If a student is placed on academic probation, they will receive a financial aid warning and have one payment period to improve their academic standing. Purdue Global Law School may restore a student's academic eligibility for financial aid if they experience extenuating circumstances, such as the death of a relative, illness, or injury.

Students can also explore other financing options before enrolling, such as employer or military tuition assistance, veterans benefits, or financial aid funding through state and federal agencies. Purdue Global's Student Finance Office provides financial aid information and application assistance to help students understand their options.

Students can contact the ECSI Help Desk for assistance with their loan accounts

Purdue Global offers various financial resources to help students pay for their education. These include federal and state aid, such as grants and loans. Students can apply for the Title IV federal student loan programs, which include Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Direct Parent/Graduate PLUS loans.

Purdue Global's financial aid also includes Federal Pell Grants, awarded to undergraduate students who have not previously earned a bachelor's, master's, or professional degree. The maximum Pell Grant award for the 2024-2025 award year is $7,395.

Students can also explore loan deferment options, which temporarily postpone payment on a loan under certain conditions. To be eligible, students must be enrolled in a degree or certificate program and participate in a minimum number of credits.

Regarding Perkins loans specifically, Purdue University, but not Purdue Global, does offer the Perkins loan program. The Perkins loan program was available to undergraduates and graduates with exceptional financial needs until the federal government ended it in 2017. Purdue University's Perkins loans are serviced by ECSI (Educational Computer Systems, Inc.), a third-party servicer specifically for loans awarded to Purdue students.

For further assistance, students can reach out to ECSI's customer service team via email or phone. If issues remain unresolved, complaints can be directed to the Federal Student Aid Feedback System, the state attorney general's office, the state consumer protection office, or the student's congressional representative. It is recommended to keep detailed records of all communications and correspondence regarding the loan account.

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