The Federal Perkins Loan Program is a federally and college-funded program, eligibility for which is determined by establishment of need through the filing of a FAFSA. First priority is given to those students with exceptional financial need. Repayment of principal plus five percent 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 ten 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 to students who borrow under the Perkins Loan program. Students who are awarded a Perkins Loan will be required to participate in an entrance counseling 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 participate in an exit counseling session, which will again provide information about repayment, deferment, and cancellation provisions.

The Keene State College Combined Long-Term Loan Program 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. No interest accrues and no payments are due until nine months after the student has ceased to be enrolled at least half time. At that time, minimum payments of $40 per month begin, including interest at the rate of five percent. The maximum repayment period is ten years.

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