Regarding Perkins Loans

Important: Under federal law, the authority for schools to make new Perkins Loans ended on September 30, 2017, and final disbursements were permitted through June 30, 2018. As a result, students can no longer receive Perkins Loans. A borrower who received a Perkins Loan can learn more about managing the repayment of the loan by contacting either the school that made the loan or the school’s loan servicer.

Most graduate students have two major needs when considering finance options for a college education:

  • Obtaining manageable monthly payments.
  • Minimizing the total cost of education.

To meet both of these goals, we recommend the following:

  • Reduce your need to borrow by paying as much as you can directly to Emerson College or through the Tuition Payment Plan.
  • Investigate the terms of available loan programs if you decide to borrow.
  • Begin with an equal combination of loan and payment plan options to meet the financed amount.
  • Determine what you can afford. If you can pay more monthly, increase your amount in the Tuition Payment Plan. If you need smaller monthly payments, increase the amount of the loan(s).

Types of Loans

If you need to borrow, learn more about all available loan types: