Federal Perkins loans and Federal Nursing loans are loans awarded to you by the Financial Aid Office using government funds. They are currently at a 5% interest rate which doesn't start until 9 months (grace period) after you leave the College. Before you can receive this money, you must go through an "entrance interview" which explains these loan programs.
Upon leaving the College, you will also need to go through an "exit interview". This is required to make sure you understand your loan agreement, loan schedule, deferment or cancellation options, where to send payments, consolidation options and to update address and other information.
Thank you and please contact Scott if you have any further questions.
The College of St. Scholastica
1200 Kenwood Avenue
Duluth, MN 55811