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Federal Perkins Loan is a low interest (5%) loan awarded by CUNY to help you meet your educational expenses. A Federal Perkins Loan is money that is borrowed and must be repaid with interest. It is not a grant.
To receive a Perkins Loan, you must meet the eligibility requirements for federal financial aid described in the PELL FAQ. Freshmen (entering or first year) are not considered for Federal Perkins Loans.