Federal Perkins Loan

Applying for the loan

1) Accept Your Loan in Axess

• If the loan is included in your award you can accept it in AXESS. Under the Student Center tab, in the Finances section, select "Accept/Decline Awards." You can accept the maximum amount, specify a lower amount, or decline the loan.
• If you do not have the loan included in your award, submit a request to financialaid@stanford.edu.
• If you have not applied for financial aid, complete the Applying for Aid process.

2) Complete Your Promissory Note

• You will receive an email from University Accounting Service (UAS) within two business days of accepting your loan in AXESS. If you do not receive an email from UAS, check for your promissory note at SignMyLoan.
• You will be directed to the UAS site and required to create a PIN, provide contact information for three references, and sign your promissory note. Using an electronic signature is faster, but you may contact our office if you prefer to sign a paper note.

3) Receiving Your Loan Funds

Loans are generally divided evenly over the three quarters of the academic year. If your promissory note is complete, your loan funds will be applied to your University bill a few days prior to the beginning of each quarter. If the quarter has already begun, you can monitor your loan disbursements in AXESS.