Financial Aid
Prospective Undergraduate Students
  • Prospective Graduate Students
  • Undergraduate Students
  • Graduate Students People FinderSearchStaffDirectionsWebmaster
        Alternative Financing Options    
        Criteria & Eligibilty    
        Direct Loan MPN    
        Entrance Interview    
        Perkins Loans    
        Exit Interview    
        Federal Work Study    
        IRS 1098T FAQ    
        Tuition & Fees/Cost of Attendance    
             Payment Policy       
             Withdrawal / Refund Policy       
             Net Price Calculator       
             College Navigator       
             Policies and Penalties for Drug Law Violations       
             Gainful Employment       

    Federal Perkins Loan Terms and Conditions

    All Perkins are solely in the student's name, which means you are the only individual responsible for paying these loans back.

    Stevens Institute of Technology works with Campus Partners to service all Perkins loans.

    You can view your Perkins loan account, download forms, update addresses and make online payments by creating an account on

    When you graduate, withdraw or drop below part-time status your Perkins loan will either enter into a grace period or an immediate repayment period. Perkins Loans have a 9 month grace period in which you do not need to make repayments.

    Federal Perkins Loan borrowers are required to complete exit counseling session at

    For sample repayment terms please go to

    Sample Perkins Loan Repayment Plan: the minimum Perkins monthly repayment amount is $40 dollars a month per each loan.



    Monthly Payment


    Total Number of Payments

    120 or ten year repayment term

    Total Interest Accumulation over the life time of the loan


    ** Based on minimum monthly payment made each month

    Disclaimer: The payments and interest are estimates only.

       Merit Scholarships
       Need-Based Grant Assistance
       New Jersey Programs
       Federal Aid Programs
       Study Abroad
       Professional Judgement
    One Castle Point on Hudson, Hoboken, NJ 07030