Office of Student Aid : Loans : Federal Perkins Loan : Other School Federal Perkins Loan Borrowers

If you have borrowed one or more Federal Perkins Loan(s) from a school (or schools) other than Penn State, and you are currently enrolled at Penn State at least half-time, you may be eligible for an in-school deferment.

Federal Perkins Loans are serviced by the school awarding the loan, or by that school's contracted service agency.

For Perkins Loans to be deferred, you need to initiate the deferment process with schools other than Penn State who previously awarded you a Perkins Loan.

Important:

• You are responsible for any delinquency or default on a Perkins Loan. If you do not properly defer previous Perkins Loans, you run the risk of having negative credit information reported to credit bureaus and possibly losing access to future federal student aid. In some instances, you could forfeit student aid that has already been disbursed to you, resulting in you owing a large balance on your student account.
• You will need to contact previous Perkins Loan servicers/agencies regarding deferment each semester that you continue half-time enrollment.