As of September 2017, the Federal Perkins Loan Program has expired. No new Perkins Loans can be awarded to students beyond the 2017-2018 academic year. Students will receive information about repayment of Perkins Loans at the time they graduate or are no longer enrolled at least half-time.
The Federal Perkins Loan is a low-interest rate loan made to qualifying èAPP students. èAPP is the holder of your loan. The interest rate is 5 percent and the repayment term is 10 years.
You must begin to repay your loan once you graduate, leave school, or drop below half-time enrollment status. You are allowed a grace period before beginning repayment. If your loan is newly activated (entering the repayment cycle), you have nine months before interest begins to accrue on your loan and 12 months before your first payment is due.If you return to school, your loan will go back into a deferred status until you leave that institution.
The terms of your promissory note provide for an assortment of benefits. You must, however, provide proper documentation to be eligible for these benefits.
Deferments and cancellations must have the original signatures of the certifying official and, in most cases, the institution’s seal or stamp. More information and appropriate forms can be found here:
Please return the form directly to JCU at:
èAPP
Attn: Perkins Loans
1 èAPP Blvd
University Heights, OH 44118
If needed, contact Roberta Roth at 216-397-4436.
1098-Tand Tax Credits
Electronic Delivery Option –When a student logs into their billing portal for the first time a pop-up will appear regarding Electronic Delivery option for the 1098-T. If a student selects “accept consent,” their 1098-T will be uploaded to the billing portal. If a student selects “I do not consent,” a paper copy will be mailed to their permanent address and uploaded the billing portal. This pop up will appear every log-in until a selection is made. To make changes to this selection students should contact the cashier’s office at 216-397-4494.
To access your 1098-T:
- Student access
- Log into yourand click on ‘Student Financial Services’ and then ‘My Student Account’ to:
- View 1098-T Statement
- Log into yourand click on ‘Student Financial Services’ and then ‘My Student Account’ to:
- Parent access
- Log in here:
- View 1098-T Statement.
- Log in here:
- Direct website access
Regarding the 1098T Form:
New legislation requires that èAPP reports payments received for qualified tuition and related expenses (QTRE) in Box 1 on IRS Form 1098-T, rather than reporting the amount billed in Box 2. Scholarships and Grants are reported in Box 5. We do not provide duplicates of Form 1098-T. Students can sign into their account to obtain a copy.
Taxpayers can elect anAmerican Opportunity Tax Credit(formerly named Hope Scholarship) or aLifetime LearningTax Creditfor eligible education expenses.The American Opportunity Tax Creditis available to eligible students in their first and second years ofcollege. Students beyond theirfirst two years of college may be eligible to claim theLifetime Learning TaxCredit. The issues affecting computationof these tax credits are extremely