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Federal Perkins Loan*

On December 18, 2015, the Federal Perkins Loan Program Extension Act of 2015 was passed.  Due to this legislation, the Federal Perkins Loan Program will only be available through September 30, 2017.


The Federal Perkins Loan is a Federal loan based on financial need.

  • Students must be accepted/enrolled in an undergraduate degree program.
  • All Villanova students must follow and complete the appropriate instructions to apply for financial assistance to be considered for this loan program.
  • The Perkins Loan is a 5% interest loan and becomes payable nine months after leaving the University, or nine months after the student is no longer enrolled at least half-time.
  • Entrance and Exit interviews for Federal Perkins Loans are required by federal law.
  • No payments will be made to the student's account until all requirements, including Promissory Note and Entrance Interview, have been completed by the student borrower.
  • A hold may be placed on a student's transcript if the student does not complete the exit interview.
  • If you have any questions about the Federal Perkins Loan, please send us an e-mail with your question, name, and Villanova University number to



As of May 10th, the FAFSA replaced the 4 Digit PIN Number with a FSA ID Username and Password for security purposes and to simplify and streamline the application process (please visit for more information and instructions).  Due to this change, students will now authenticate their identity using credit criteria, similar to what you would see when you access your credit report.  In cases where the student does not have that criteria,  ACS will not be able to authenticate their identity.  Therefore the student will receive the message, “I’m sorry.  Your identity was not able to be verified based on the information you provided.  Consequently, your promissory note HAS NOT been signed.  Please select the Print Document(s) below to print and sign your document and present the signed paper form(s) to the office listed below.”  Click on the Print Promissory Note button, print and complete the documents, and mail it to:

Office of Financial Assistance

Villanova University

800 East Lancaster Avenue

Kennedy Hall, Second Floor

Villanova, PA 19085



Other Lending Options

Villanova Tuition Payment Plan
For full time undergraduate students, the Villanova Tuition Payment Plan, offered through Tuition Management Systems (TMS), allows you to spread your balance out over 10 months for a small fee.

TMS also offers a plan for students in Graduate and Part time studies programs to pay over 3 monthly payments in the amount of your choice.

Private Educational Loan Programs
Private Educational Loans are administered by private lenders and there are a variety of lending institutions that offer these. You should first apply for a Direct Subsidized/Unsubsidized Loan and then consider the Direct PLUS Loan (if the student is dependent) or the Direct Graduate PLUS (if the student is a graduate student) and then, if additional funding is needed, apply for one of these loans.