Federal Perkins Loan Program

This is a loan program and funds received under this program must be repaid. All students awarded a Federal Perkins Loan complete a Web Federal Perkins pre-loan conference and take and pass the Default Reduction Test before the first disbursement of the loan proceeds each year. No Federal Perkins Loans will be disbursed to students who do not comply. Students are required to disclose their driver's license number when applying for a Federal Perkins Loan and must provide, in writing, changes of address to the Office of Student Financial Aid within ten days of the change. Federal Perkins Loan borrowers must complete a Web Exit Interview prior to graduation, if they plan to transfer to another institution, leave the College for any reason, or continue their education as a less than half-time student (less than six credits). The online Entrance and Exit Interview sessions may be reached through the office Website www.csi.cuny.edu/finaid. Borrowers should be aware that federal regulations require the University to report the disbursement of and default on a Federal Perkins Loan to credit bureaus. Deferments and cancellations are available on these loans in certain circumstances, and these are covered in the Exit Interview. These loans are awarded to students by The University. College services are withheld if a borrower defaults on a loan.