The federal Perkins Loan is a low-interest loan for undergraduate and graduate students with financial need. The U.S. Department of Education provides a limited amount of funding for Perkins Loans to Robert Morris University (RMU) and RMU distributes the loans among students with the greatest need. RMU acts as the lender for the loans and collects loan payments from students according to federal regulations.
You are automatically considered for the Perkins Loan when applying for financial aid. Because funding for the Perkins Loan is limited, students applying for financial aid early are most likely to receive the Perkins Loan. If you are awarded a Perkins Loan, it will appear on your RMU account.