Federal Perkins Loans

The Federal Perkins Loan program is a federal campus-based program designed to provide low-interest federal student loans to students who demonstrate exceptional financial need based on their FAFSA data. Based on the availability of funds, Undergraduates pursuing a bachelor's degree, classified Graduates and Teaching Credential candidates may qualify for this loan, with undergraduate students having priority. Up to $15,000 may be borrowed for Undergraduate study. Graduate or professional students may borrow up to a cumulative total of $30,000 (including any previous Perkins program loans). However, due to limited funds, CSUB awards are limited to a maximum of up to $3,000 per academic year. The student, while in school, pays no interest and repayment does not begin until nine months after graduating or leaving school. For teacher cancellation information, please visit: http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelperk.jsp?tab=repaying


Applicants must:

  • have a Pell-eligible EFC;
  • be enrolled at least half-time;
  • have financial "Need"

Accepting / Declining or Reducing your Loan

Once you are awarded a Perkins Loan, you will need to:


  • Fixed 5.0% interest rate.
  • No interest or payments while enrolled at least half-time.
  • repayment begins 9-months after students either graduate or drop below half-time enrollment, whichever occurs first.


Repayment does not begin until nine months after students either graduate or drop below halftime enrollment, whichever occurs first. At the time a student graduates or drops below half-time enrollment they will also need to complete loan Exit Counseling.

Annual Perkins Loan Aggregate Borrowing Limits
  Undergraduate & Credential Masters & Doctorate
Annual Perkins Borrowing Limit $5,500 $8,000

Please Note: Due to limited funds, CSUB annual awards are $3,000 or less

Lifetime Perkins Loan Aggregate Borrowing Limits

  Undergraduate (Freshman & Sophomore level students) Undergraduate (Junior & Senior level students) & Credential Graduate (Master's & Doctorate students)
Lifetime Perkins Borrowing Limit $11,000 $27,500 $60,000

Office of Financial Aid and Scholarships

9001 Stockdale Highway
Bakersfield, CA 93311-1022 

Phone: (661) 654-3016
Fax: (661) 654-6800
Email: finaid@csub.edu

Contact Us

Federal School Code: 007993

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