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Perkins Loan

**The loan program has been sunsetted. Applications are no longer accepted.**

What is Federal Perkins Loan?

The loan is a need-based, long-term, low-interest, fixed-rate loan. The loan is partially funded by the government and by the University of St. Thomas. The loan is governed by federal regulations set by the Department of Education. This is a Title IV Program. St. Thomas is the lender and administrator of this loan program. The loan must be repaid. The borrower may be allowed up to ten years or a minimum monthly payment of $40.

**Applications are no longer accepted.

Contact Our Office

University of St. Thomas
Mail 5002, Business Office
perkinsloan@stthomas.edu
(651) 962-6610 or
1-800-328-6819 ext. 26610
fax at (651) 962-6630.

Changes in Loan Regulation/Procedure/Informative notices

Information Updates

  • Credit Bureau Reporting
  • Application for Permanent Disability
  • Others
  • Credit Bureau Reporting

    Keeping your payment current each month will help establish an excellent credit report when lenders inquire. St. Thomas (University Accounting Service) does not report your payment history but reports the status of your loan account each month. The credit bureau builds the payment history that is seen by your lenders. Payment, deferment or cancellation forms are due by the first of each month. If your payment or form is not received within 30 days of the due date, your account status will be reported as past due.

    Application for Permanent Disability

    Application for permanent disability will require the borrower and physician to complete an extensive application form. The University will review and make a tentative decision to approve or deny. At that time the borrower's loan is assigned to the Federal Department of Education (DOE). The DOE will review for approval or denial. The borrower will then be notified of both the above decisions. The DOE will then monitor the borrower's income information and additional loan information for the next three years to ensure additional Title IV money is not lent and to ensure income is not above the poverty level for a family of two. If either of the above occurs, the loan will re-enter repayment. If at the end of the three years none of the above occurs, the borrower's loan will be cancelled.
    • You can change your address, view and pay your bill from the UAS web site at www.uasconnect.com.
    • You can access balance and last payment date information at 844-870-8701.

    Credit Bureau Reporting

    Credit Bureau Reporting

    Keeping your payment current each month will help establish an excellent credit report when lenders inquire. St. Thomas (University Accounting Service) does not report your payment history but reports the status of your loan account each month. The credit bureau builds the payment history that is seen by your lenders. Payment, deferment or cancellation forms are due by the first of each month. If your payment or form is not received within 30 days of the due date, your account status will be reported as past due.

    Application for Permanent Disability

    Application for Permanent Disability

    Application for permanent disability will require the borrower and physician to complete an extensive application form. The University will review and make a tentative decision to approve or deny. At that time the borrower's loan is assigned to the Federal Department of Education (DOE). The DOE will review for approval or denial. The borrower will then be notified of both the above decisions. The DOE will then monitor the borrower's income information and additional loan information for the next three years to ensure additional Title IV money is not lent and to ensure income is not above the poverty level for a family of two. If either of the above occurs, the loan will re-enter repayment. If at the end of the three years none of the above occurs, the borrower's loan will be cancelled.

    Others

    • You can change your address, view and pay your bill from the UAS web site at www.uasconnect.com.
    • You can access balance and last payment date information at 844-870-8701.