Federal Perkins Loan Exit Information

Students must complete exit information if they borrowed from the Federal Perkins Loan program while at the University of Minnesota Morris. Repayment of the Federal Perkins loan and interest begins nine months after the student graduates, transfers, registers for/drops below half time status or withdraws from UMM. If the total Federal Perkins loan amount is greater than $2,800, students can spread repayment of principle and interest over 10 years. The monthly payments will be prorated. Students may prepay all or any part of the loan principal at any time before it becomes due.

Students will be notified to complete their exit counseling online by the Student Financial Collections office at the University of Minnesota Twin Cities. A hold will be placed on the students academic transcript if this requirement is not met.

Students who cancel enrollment should contact the Student Financial Collections Office directly using the information below.

If you have questions or have not received Perkins Exit Materials, contact:
Student Financial Collections
University of Minnesota , Twin Cities
20 Fraser Hall
106 Pleasant Street SE
Minneapolis , MN 55455-0433

E-mail: stdtloan@umn.edu or call 612-625-8007.