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However if you already have a Perkins loan, you may continue to manage it. Federal Perkins loans are very limited. Applications submitted after funds have depleted, will not be processed. Maintaining Eligibility: Displays Financial Need. Received a Perkins Loan disbursement in a prior term at JMU, and are still in the same 

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Students must complete the Free Application for Federal Student Aid (FAFSA) online at Disbursements of Funds. Before the Federal Perkins Loan can disburse, the student must complete all of the following actions (in addition to maintaining eligibility for the award): Accept all or a part of the financial aid