Federal Perkins


  • A federal Perkins loan is a loan which MUST BE REPAID.
  • To determine your eligibility for a federal Perkins Loan, you must first complete your FAFSA.
     Student Financial Planning will contact you with the loan amount to accept if eligible.
  • You must be in good standing (not in default) on any previous federal student loans in your name.
  • Perkins loans offer a 5% interest rate that is deferred (postponed) while in at least a part-time status.
  • You will receive a one-time 9 month grace period after graduation, dropping below part-time status, or dropping out of classes completely
     You can renew your in-school status if attending another accredited institution at least part-time or by returning to Drake at least part-time.
  • You must repay your loan within 10 years.
    Deferment, forbearance, and cancellation options are available.Visit www.ecsi.net to determine your eligibility.
  • ECSI and Drake University make all final approval and denials for these requests.
  • To access your loan information, visit our loan servicer’s (ECSI) website:


School Code: G3

888.549.3274 for login questions

For further questions regarding this loan, please contact Randi Boelkes at 515.271.3174 or randi.boelkes@drake.edu.

University News
April 21, 2014
John Forbes, PH’80, owner and manager of Medicap Pharmacy in Urbandale, was selected to receive the 2014 Lawrence C. and Delores M. Weaver Medal of Honor, the highest honor given by Drake University’s College of Pharmacy and Health Sciences (CPHS). As part of this honor, he will deliver the 2014 Weaver Medal of Honor Lecture on Wednesday, April 23.