Federal Student Loans
Your financial aid award letter includes any federal, state or private loans you borrowed at Emmanuel College. For a comprehensive list of your federal loans, which includes servicer contact information, please visit https://studentaid.gov and login using your Federal Student Aid (FSA) ID.
State and private loans are not listed on the Federal Student Aid Website. If you do not recall whether you borrowed a state or private loan, please contact our office and we can assist you.
Federal Perkins Loans
The Federal Perkins Loan program is no longer being funded after the 2017-2018 year.
The Federal Perkins Loan was a federally subsidized, fixed low-interest student loan funded by the federal government, Emmanuel College and repayments from previous Perkins Loan borrowers. Eligibility was determined by the Office of Student Financial Services and was based upon the information provided on the FAFSA. This loan was awarded to students with exceptional financial need and is limited by the availability of funds in the College's Federal Perkins Loan program. Notification of eligibility of this loan will appear on your Financial Aid Award Letter.
|Maximum Undergraduate Annual Loan Amount
|Maximum Undergraduate Aggregate Amount
||10 years; begins 9 months after no longer enrolled at least half-time
|Interest Charged While Enrolled at Least Half-time
|To learn more, visit
What happens after I am no longer a full time-Emmanuel student?
All students are required to complete exit counseling prior to withdrawing, dropping below half-time status or graduating. Please contact our office at 617-735-9938 or via e-mail at email@example.com.
Loans will be submitted to the National Student Loan Data System and will be accessible by guaranty agencies, lenders and schools determined to be authorized users of the data system.
When do I start repaying my loans and how much do I repay?
Most loans are deferred (repayments not required) for six months after you are no longer enrolled in school at least half-time. The Federal Perkins Loan is deferred for nine months after you are no longer enrolled at least half-time. Check with your lender for your specific deferment period – also referred to as grace period.
Federal student loans have payment options developed to help students in all financial situations. To learn about the different repayment options, please visit StudentAid.gov/repay.
What if my deferment period has ended and I am unable to make payments?
If your deferment period has ended and you cannot make payments on your loans, you may qualify for a forbearance. Forbearance allows you to postpone or reduce your monthly payments.
Additionally, federal student loans offer various repayment options to help students. For example, your monthly repayment amount may be reduced if you have a low annual income. To learn more about repayment options, please visit StudentAid.gov/repay.