The most up-to-date information regarding federal loan programs is available at www.studentaid.ed.gov, the Student Aid Portal. Another excellent resource for information on the federal loan programs is the booklet Your Federal Student Loans, published by the U. S. Department of Education and available online.
The Federal PLUS loan is available to a parent to cover the expected family contribution as a supplement to other financial aid sources. The yearly limit on a PLUS Loan is equal to the student's cost of attendance less any other financial aid received. This loan is subject to a four percent federal processing fee assessed at time of disbursement.
The current Federal Perkins Loan is a fixed five percent subsidized loan for undergraduate students with extreme financial need. Currently, Emory & Henry College has a third party servicer for this loan based on funds being repaid by earlier Perkins recipients who attended Emory & Henry College.