St. Mary's College of Maryland
Faculty & Students on Campus


For further information, contact:

Office of Institutional Research and Reporting
Glendening Hall

Elizabeth A. Clune-Kneuer, M. Ed.
Assistant Director of Institutional Research
Clayton A. Hartley, M.S.
Assistant Director of Institutional Reporting 

Student Loans

Applying for Perkins Loans at SMCM

Eligibility Requirements: To be considered for a limited amount of Perkins Loan funds, you must do the following:

  • submit a FAFSA by SMCM's Priority Deadline
  • demonstrate high financial need
  • enroll as a degree-seeking student.
  • A U.S. citizen or permanent resident
  • Entrance Interview for all First-Time Borrowers

If you are awarded a Perkins Loan it will be listed on your Award Notification.

Enrollment Requirements: To receive the full award for a semester, you must enroll for at least 9 credits during that semester. If you enroll for 6 to 8 credits during a semester, you will receive 50% of your original semester award.

Processing Fees: Perkins Loans do not have any processing fees.

Interest Rate: Perkins Loans are interest free while you are enrolled in school at least half-time in a degree granting program (undergraduate or graduate). The interest rate during repayment is fixed at 5%.

Repayment Terms: Perkins loan repayment begins 9 months after you cease to be enrolled at least half-time. The maximum repayment period is 10 years.

Borrowing Limits: If you are offered a Perkins Loan, the amount borrowed cannot exceed the amount listed on your Award Notification.

Entrance Interview:Entrance loan-counseling sessions may be completed via the Web at Mapping Your Future. Locate "Online Student Loan Counseling" in center of page, click on appropriate entrance counseling session, choose the state of Maryland, and select St. Mary's College of Maryland.

Perkins MPN

Direct Loan Terms and Conditions

Direct Loans information

Perkins Loans Terms and Conditions

Federal Perkins Loan Program information

Loan Counseling

All students who participate in a loan program are required to undergo entrance and exit counseling as part of acquiring a loan and continuing in good standing at the end of your enrollment at the institution.

Aerial view of St. Mary's College of Maryland campus

St. Mary's College of Maryland
18952 E. Fisher Rd
St. Mary's City, MD 20686-3001