SBUBolivar, Missouri Est. 1878

Financial Aid at Southwest Baptist University

Federal Perkins Loans

  • Institution is the lender.
  • Interest Rate – no interest while enrolled at least half-time, 5% in repayment.
  • No upfront fees.
  • Repayment – when the borrower graduates or drops below half-time status, students have a nine-month grace period before starting repayment.


Federal Perkins Loan Entrance Counseling and Master Promissory Note (MPN) are required.  First-time borrowers will be mailed the MPN with the initial award letter package.