Depending on when you apply, your level of need, and the school’s funding level, you can borrow up to:
$4,000 for each year of undergraduate study. The total loan amount you can borrow as an undergraduate is $20,000.
$6,000 for each year of graduate or professional study. The total amount you can borrow as a graduate student is $40,000, including any Federal Perkins Loans you borrowed as an undergraduate.
$400 to $1,500 for each year is the amount you can borrow at Trade Tech because of limited funding. Trade Tech College can only make new loans based on monthly collections of prior loans.
What are the selection criteria?
Because of limited funding, the school has established a policy for selecting applicants for Perkins Loans as follows:
Applicants must be in a program of study for at least two (2) semesters before the first loan is requested.
A second loan can be issued to students after successfully completed 24 semester units.
Applicants must meet all academic satisfactory progress standards.
Applicants must demonstrate through documentation that they have extraordinary expenses above and beyond normal college expenses.
Applicants must be enrolled in at least six (6) units in Los Angeles Trade Technical College throughout the loan period.
Applicants must be eligible to receive a PELL grant.
Attend a Money Management Session before the first check can be issued to you.
How do I apply for a Federal Perkins Loan at Trade Tech?
Applying for Federal Perkins Loans is available only for those students whose financial aid applications have been processed and they have received their award letter at Los Angeles Trade Technical College. Students must be enrolled at least half-time or six (6) eligible units at Los Angeles Trade Technical College). Please follow the steps listed below in order to ensure timely processing of your loan(s):
ALL STEPS MUST BE COMPLETED EVEN IF YOU RECEIVED A PERKINS LOAN IN A PRIOR YEAR. MISSING ANY STEPS OR ITEMS WILL DELAY THE LOAN PROCESS
Step 1: Submit a FAFSA online at www.fafsa.ed.gov. Make sure you put LATTC school code (001227) on your application
Step 2: Two weeks after applying for FAFSA, you should come to the Financial Aid Office to submit all follow-up documents and fill out the forms required to complete your financial aid file.
Step 3: Receive a financial aid award letter from Financial Aid Office.
Step 4: Complete and submit a Federal Perkins Loan Application to the Financial Aid Office. The form is available in the Financial Aid Office.
Step 5: You will receive an approval notice from the Loan Coordination by e-mail or regular mail with instructions on things you need to do to complete the process.
Step 6: Attend a scheduled Money Management Workshop (for all first time borrowers at LATTC)
Step 7: Complete a scheduled individual or group Entrance Counseling Session with the Loan Coordinator.
Step 8: Signed and submitted all required documents before the first disbursement is made.
Step 9: Complete a scheduled individual or group Exit Counseling Session with the Loan Coordinator. Signed and submitted all required documents before the second disbursement is made.