Financial Aid and Scholarships

Undergraduate and graduate students who demonstrate financial need, indicate a preference for loans on the FAFSA, and meet the priority funding deadlines are eligible for Perkins Loan. The interest rate is fixed at 5% and unlike the Direct Loans, there is no origination or default fee.

Benefits of Perkins Loan

• Deferred repayment while in school at least half-time
• Interest free while in school
• Nine month grace period prior to repayment
• Repayment is to Eastern Washington University
• Cancellation benefits to those who qualify (contact Student Financial Services for more details)

Annual and Lifetime Borrowing Limits

• Annual Limit at EWU: $3,000
• Lifetime Limit (Undergraduate): $27,500
• Lifetime Limit (Graduate): $60,000