Contact Financial Aid

Office: Kearney Hall, 204
Phone: (585) 385-8042
Fax: (585) 385-5277

Document Submission:
Submit documents online or email

Federal Perkins Loan

Federal Perkins Student Loans are a low interest loan for undergraduate students with exceptional financial need. The Financial Aid Office determines which students will qualify. St. John Fisher College serves as the lender. Education Computer Systems, Inc. (ECSI) services Fisher's Perkins loans.

**The Federal Perkins Loan has expired as of September 30, 2015. The College may not award Perkins Loans to new borrowers after September 30, 2015, except in the following circumstances:

  • If a school makes a Perkins Loan first disbursement to ANY eligible student for the 2015-16 award year prior to October 1, 2015, that school may make any remaining disbursements for the 2015-16 award year.
  • Schools may make additional Perkins Loans to already existing and qualifying Perkins borrowers for up to 5 years (through 2020) under a grandfathering provision:
    1. The school must have disbursed at least one Perkins Loan to the student by June 30, 2015;
    2. The student is enrolled at the same school where their last Perkins loan was disbursed;
    3. The student is enrolled in the same academic program as when they received their last Perkins disbursement (based upon the first 4 digits of the CIP code); and
    4. The Perkins Loan is awarded to an eligible student who has unmet need and has exhausted all of the Direct Subsidized Loan funding for which they are eligible.

Perkins Loan Basics

Application Form

Students must file the Free Application for Federal Student Aid (FAFSA) to be eligible for federal loans.


You must be an undergraduate student enrolled in at least 12 credit hours (full time) during a semester, accepted in a degree-seeking program at St. John Fisher College and maintaining satisfactory academic progress for financial aid eligibility. Borrowers must be U.S. citizens or eligible non-citizens. The Financial Aid Office determines which students will qualify.

Award Amounts

Funding available to lend to students is limited to a set amount of money provided by the federal government, a share contributed by the college and the repayment of Perkins Loan funds by prior borrowers. Average award is $1,200 per year. Funds are limited and subject to availability.

Interest Rate & Repayment

The interest rate is 5%. Perkins Loan borrowers are eligible to defer the repayment of the loan principal, with no interest charged while enrolled for classes as at least a half-time student. It is a subsidized loan, with interest being paid by the federal government during the in-school and 9 month grace period. Repayment begins nine months after dropping below half-time enrollment. Repayment can take a maximum of ten years. Payments will be made to ECSI, Fisher's Perkins Loan servicer. ECSI will contact you via email after part-time enrollment ceases regarding exit counseling and repayment.

Perkins Sample Repayment - 10 Year Term

Original PrincipalMonthly Payment Amount
$4,800 $50.91
$6,800 $72.12
$8,800 $93.34

Apply for a Perkins Loan

Please follow the process to complete the Perkins Loan entrance counseling (federal requirement) and sign an electronic Master Promissory Note (e-MPN). If you should have questions or problems during the e-sign process, please call our servicer, ECSI, toll-free at 1-888-549-3274. Please allow 1 week processing time.

  1. Complete the Free Application for Federal Student Aid (FAFSA).
  2. Accept the Perkins Loan offer on Fish 'R' Net.
  3. Wait 2-3 business days (this will allow us to send a file to ECSI that you are interested in borrowing the Perkins Loan).
  4. Complete the Perkins Loan entrance counseling and master promissory note (e-MPN). Once you begin the process you must finish it or completely start over. It will take approximately 20-25 minutes.

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