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Institutionally Administered Loans

Eligibility for a Federal Perkins Loan or a Keene Tuition Loan is determined during the review of a student’s completed application for financial aid. Students do not and cannot apply separately for either of these loan programs.

Acceptance of all Institutionally Administered Loans reflected on your Award Letter is assumed. If you wish to decline any or all of the loans offered to you, please sign and return your Award Letter to our Office with your adjustments.

Federal Perkins Loan

The Federal Perkins Loan Program is a federally and college funded program. Eligibility is determined by establishment of need through the filing of a FAFSA and is given to those students with exceptional financial need, typically Pell-eligible students.

  • No Interest accrues on this loan during periods of at least half-time enrollment or during the loan’s nine-month grace period.
  • Repayment of principal plus 5% interest begins nine months after you cease to be enrolled on at least a half-time basis. The minimum payment on this loan is $40, with a maximum repayment period of 10 years.
  • Repayment of this loan can be deferred or cancelled if you meet certain conditions. Please consult the Federal Student Aid website for additional information about deferment and cancellation provisions available for this program.
  • Students who are awarded a Perkins Loan will be required to participate in an entrance counseling and Master Promissory Note signing session before receiving their first disbursement, during which all of the provisions of this program will be reviewed.
  • Students participating in this program must also complete exit counseling, which will again provide information about repayment, deferment, and cancellation provisions.
  • The Perkins Loan is eligible for consolidation under the Federal Direct Consolidation Loan Program.
  • Repayment of this loan is managed by ACS Education Services.

Keene Tuition Loan

The Keene Tuition Loan was established as a result of the consolidation of four existing loan funds. The Fund provides long-term educational loans to deserving Keene State College students who have a demonstrated financial need. The individual loan funds represented are: Huntley-Spaulding Loan Fund, Cleon Heald Loan Fund, Keene Endowment Association Alumni Loan Fund, and Tuition Loan II Fund.

  • The Keene Tuition Loan is considered a private-loan program and as such is subject to Federal Consumer Protection laws.
  • No Interest accrues on this loan during periods of at least half-time enrollment or during the loan’s nine-month grace period.
  • Repayment of principal plus 5% interest begins nine months after you cease to be enrolled on at least a half-time basis. The minimum payment on this loan is $40, with a maximum repayment period of 10 years.
  • Students who are awarded a Keene Tuition Loan will be required to participate in an entrance counseling session and promissory note signing before receiving their first disbursement. During the counseling session, all of the provisions of this program will be reviewed. Additionally, subsequent promissory notes must be signed each semester a student receives a disbursement of this loan.
  • Students participating in this program must also complete exit counseling, which will again provide information about repayment, deferment, and cancellation provisions.
  • The Keene Tuition Loan is not eligible for consolidation under the Federal Direct Consolidation Loan Program.
  • Repayment of this loan is managed by ACS Education Services

Contact Financial Aid

Financial Aid Office
Keene State College
229 Main Street
Keene, NH 03435-2606

800-572-1909 * 603-358-2280
financialaid@keene.edu
Fax: 603-358-2794