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Eligibility criteria

  1. Must show financial need
  2. Must be enrolled in a degree program
  3. Maintain Satisfactory Academic Progress
  4. U.S. citizen or eligible non-citizen
  5. Not in default on another student loan

Selection process

The Federal government provides funds, and Marquette selects eligible students and determines each student's loan amount.


The interest rate is a fixed rate of 5 percent. No interest accrues while the student is enrolled at least half-time. Standard repayment period is 10 years. Repayment begins and interest accrues nine months after the last date of half-time enrollment. Students are billed monthly by Marquette's Student Loan Accounts. Student must have exit interview complete before leaving Marquette. Under certain circumstances, loan payments may be deferred (postponed), and portions of the loan may be canceled.

Application process

  1. File the Free Application for Federal Student Aid (FAFSA)
  2. Eligible students who have accepted the Perkins Loan on CheckMarq will receive an email informing them that an eMPN is available to sign online

Renewal process

Award is renewed only if all necessary forms are processed and received prior to February 1, the student continues to meet eligibility requirements and funds are available at the time that the application is complete. 2017-18 will be the last year Federal Perkins Loans will be made to undergraduate borrowers as the undergraduate Perkins Loan program is ending 9/30/2017. No additional loans will be available after that time.



The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.

FAFSA School Code: 003863

Questions or for more information, contact the Office of Student Financial Aid