Regarding Perkins and Health Professions Student Loans
The Health Professions Loan (HPL) is a subsidized, low-interest loan available to students enrolled in the Doctorate of Veterinary Medicine program with financial need. Funds are provided from the Department of Health and Human Services and from payments collected from prior students repaying their HPL.
The Federal Perkins Loan (Perkins Loan) was an undergraduate need-based loan wherein funds were provided by the Federal Government and from payments collected from students repaying their Perkins loans. Colorado State University is the lender for this loan; students in repayment can make payments back to CSU. This loan program expired September 2017 and is no longer being awarded. Information about repaying a Perkins loan is available on the Business and Financial Services website.
An important note regarding student loan funding:
At Colorado State University, we encourage you to make informed decisions when taking out a student loan, and to only borrow the amount of funds needed to successfully complete your education.
Federal Perkins Loans
The Perkins Loan is a low-interest (5%, fixed rate) loan for both undergraduate and graduate students. This is a federal loan serviced by Colorado State University. More information regarding payments, holds, consolidations, FERPA and annual tax notices (1098-E) can be found here.
This loan program expired September 2017 and is no longer being awarded. Information about repaying a Perkins loan is available on the Business and Financial Services website.
The Federal Perkins Loan (Perkins Loan) was an undergraduate need-based loan wherein funds were provided by the Federal Government and from payments collected from students repaying their Perkins loans. Colorado State University is the lender for this loan; students in repayment can make payments back to CSU.
Here is a short video on the Federal Perkins Loan Exit Counselling process should you have additional questions about the Perkins Loan repayment process.
Perkins Student Loan Deferment Options
What’s the Difference Between Deferment and Forbearance?
Do I Qualify for Cancellation Benefits? For a cancellation application, please contact our office
In-School Student Deferment Request Form
Military Deferment Request Form
Cancer Treatment Deferment Request Form
Graduate Fellowship Deferment Request Form
Rehabilitation Training Deferment Request Form
I am experiencing an economic hardship, unemployment or I need a forbearance, what should I do? Email the Business and Financial Services department to discuss your situation and to obtain the required application.
I am involved in AmeriCorps, Peace Corps or Vista, what should I do? Email the Business and Financial Services department to discuss specifics on deferment, forbearance and cancellation benefits
Rights & Responsibilities
- It is your responsibility to keep the University informed of your current mailing address, phone number and email. Updates may be submitted at any time through RAMweb/RAMrecords.
- My name has changed, what should I do?
- Official name changes may be submitted through RAMweb/RAMrecords
- In order to avoid late payment penalties and adverse credit bureau reporting, timely submission of complete deferment and/or cancellation forms is just as important as making timely payments.
- Send all forms and correspondence to:
- Colorado State University
- Student Loans Receivable
- 6024 Campus Delivery
- Fort Collins, CO 80523-6024.
- Forms may also be emailed to [email protected].
- If you have a dispute concerning your Perkins loan with Colorado State University, you may contact the U.S. Department of Education Ombudsman.
Terms & Conditions
| Provisions and Repayment Options | Federal Perkins | Health Professions | Webster Barnes |
Fixed Interest Rate | 5% | 5% | 6% |
Eligible for Loan Consolidation | Yes | Yes | No |
Initial Grace Period | 9 months | 1 year | 9 months |
Maximum Repayment Period | 10 years | 10 years | 10 years |
* Minimum Repayment Installment | * $40/month | * $15/month | * $40/month |
Equal Installments | Yes | Yes | Yes |
Health Professions Student Loans (HPL)
The Health Professions Student Loan is a low-interest (5%, fixed rate) loan for students completing a doctorate program in dentistry, podiatric medicine, optometry, veterinary medicine or a bachelor or doctorate program in pharmacy. This is a federal loan serviced by Colorado State University. More information regarding payments, holds, consolidations, FERPA and annual tax notices (1098-E) can be found here.
Health Professions Student Loan Deferment Options
- What’s the Difference Between Deferment and Forbearance?
- I am experiencing financial difficulties and I need a forbearance.
- Email the Business and Financial Services department to discuss your situation and to obtain the required application. (Health Professions Loans only qualify for forbearance when borrowers are experiencing economic hardships or unemployment)
- I am enrolled in a residency or medical internship program, what should I do?
- Email the Business and Financial Services department to request the appropriate application for deferment
- Graduate Fellowship Deferment Request Form
In-School Student Deferment:
A borrower may defer scheduled payments while enrolled at least full-time as a regular student in an eligible institution of higher education (or comparable Department of Education-approved institution outside of the United States) for the purpose of obtaining a degree or certificate.
You must notify and request a student deferment for each term you are enrolled at another university. Email the Business and Financial Services department and they will be able (in most cases) to verify your enrollment on the National Student Clearinghouse. If your current school does not report to the National Student Clearinghouse, email the completed In-School Deferment Request Form to the Business and Financial Services department.
Rights & Responsibilities
- It is your responsibility to keep the University informed of your current mailing address, phone number and email. Updates may be submitted at any time through RAMweb/RAMrecords.
- My name has changed, what should I do?
- Official name changes may be submitted through RAMweb/RAMrecords
- In order to avoid late payment penalties and adverse credit bureau reporting, timely submission of complete deferment and/or cancellation forms is just as important as making timely payments.
- Send all forms and correspondence to:
- Colorado State University
- Student Loans Receivable
- 6024 Campus Delivery
- Fort Collins, CO 80523-6024.
- Forms may also be emailed to [email protected].
- If you have a dispute concerning your Perkins loan with Colorado State University, you may contact the U.S. Department of Education Ombudsman.
Terms & Conditions
| Provisions and Repayment Options | Federal Perkins | Health Professions | Webster Barnes |
Fixed Interest Rate | 5% | 5% | 6% |
Eligible for Loan Consolidation | Yes | Yes | No |
Initial Grace Period | 9 months | 1 year | 9 months |
Maximum Repayment Period | 10 years | 10 years | 10 years |
* Minimum Repayment Installment | * $40/month | * $15/month | * $40/month |
Equal Installments | Yes | Yes | Yes |
