Financial Aid

Federal Perkins & Nursing Loans

Federal Perkins loans are for students with exceptional financial need. Nursing loans are specifically for students with exceptional financial need who are majoring in the nursing field.

Both of these loan types are awarded through the Office of Financial Aid. St. Catherine University is the lender for the loan, which is funded by the federal government. Once you complete an online promissory note, the loan funds are applied directly to your student account.

Interest does not accrue on the Federal Perkins or Nursing loan while you are enrolled at least half-time. Interest rates are fixed at 5 percent and begin at the time of repayment. Repayment typically begins nine months after you graduate, withdraw or reduce your credit load to below half-time.

Authorization instructions

2009-10 borrowers: If you have been awarded a Federal Perkins or Nursing loan for the 2009-10 academic year, go to signmyloan.com to complete an online promissory note authorizing the University to borrow your loan funds. Your PIN is your student ID number.

For questions on your Perkins or Nursing loan or on University accounting services, contact the Office of Student Accounts.