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Perkins Loan

Perkins Loans are need-based student loans that use a combination of institutional and federal funds. Perkins loans have no origination fees and a fixed 5% interest that is deferred until repayment. Repayment of a Perkins Loan begins 9 months after the student drops below half-time status.

Receiving a Perkins Loan

To receive a Perkins Loan, a student should complete the FAFSA before College of Charleston's priority deadline of March 1st, and complete any other federal requirements in a timely manor. A student who has been awarded a Perkins Loan must complete a Perkins Loan Master Promissory Note and Perkins Loan Entrance Counseling online using the student FSA ID number that was used on FAFSA. In order to complete both, please go to Any questions regarding your Federal Perkins Loan should be directed to Treasurer's Office.

Exit Couseling

The federal government requires that students participate in loan counseling prior to leaving or graduating from the school at which you received a Perkins Loan. Note: This may require two different Exit Counseling sessions if you received both a Direct Loans and a Perkins Loan.

If you received a Perkins Loan at CofC, you must complete Perkins loan counseling prior to leaving or graduating from CofC.  Please contact the the Treasurer's Office at or 843.953.5572 if you encounter any problems. Simply access the website of ECSI.  Click on "Borrower Link" and login to "My Account". The School code is Q7, then enter your SSN & PIN (note ECSI PIN isn't the same as FAFSA PIN). Next click "Exit Interview" link to begin the exit process. If you do not have your pin call ECSI at (888)549-3274.