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Future Students

Perkins Loan

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A limited number of students who demonstrate exceptional financial need are awarded the Federal Perkins Loan. The Perkins Loan Program is funded by both Otterbein University and the federal government.

Interest is not charged while the student is enrolled at least half-time (6 credit hours per semester). Repayment at 5% interest begins nine months after graduation or termination of at least half-time enrollment. The completion of all paperwork and the signing of the Master Promissory Note (MPN) are done online. The link below will take you to the online procedure.

Online Federal Perkins Loan Master Promissory Note (MPN)
First-time borrowers must sign a Master Promissory Note in order to receive Federal Perkins Loan disbursements. Promissory notes are your promise to repay the Federal Perkins Loan to Otterbein University. They are legal documents that describe your rights and obligations when you accept a federal loan.

You may click here to complete your MPN and entrance counseling. This will take you to our Perkins Loan billing service, ECSI’s (Educational Computer Systems, Inc.) secure website. Once you have completed all paperwork, your loan will be disbursed directly to your student account. You will then receive by email, from ECSI, the Federal Perkins Loan Disclosure Statement indicating the amount of loan disbursement. If you have any questions about this process, please contact Vicky Degen in the Business Office at 614-823-1949.

/ Financial Aid Office

Financial Aid is located in Barlow Hall, 88 Cochran Alley

Contact
p/ 614.823.1502
f/ 614-823-1588
e/ financialaid@otterbein.edu