<p>Does anyone how schools give out perkins loan. I know it is limited and is only for those who are in extreme need. However, I am trying to figure out my admissions chances here more than financial aid. CMU is a school that prepares aid packages for accepted and waitlisted students. Do you think a college would be willing to allot a perkins loan for those who are on the waitlist. I am asking this because yesterday I got a note from CMU that I need to sign a promissory note. They mailing decisions this week. So, just want to know if this is foreshadowing anything. Any replies would be great!</p>
<p>Wait until you get an acceptance to sign ANYTHING. </p>
<p>@thumper1 I don’t have anything to sign yet. It was just displayed in my portal that I would need to do it (just yesterday). So, I was just wondering what this could mean? More leaning towards waitlist (because it is a loan) or more leaning towards acceptance (because it is a limited, special type of loan). I applied to SCS, which has an acceptance rate of 6%. I know decisions come out in a few days but still want to keep my mind busy 
I mean would aid officer be willing to allot perkins loan to waitlist students? etc.</p>
<p>It’s not leaning towards anything. Just be patient and wait until you get your acceptance or not from the school.</p>
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My guess is yes, the schools would allot perkins loans to the waitlist students</p>
<p>@4kidsdad why do you think so? i mean it is possible but would they make waitlisted people sign a promissory note though?</p>
<p>Agg…why are you fretting over this today? Admission decisions will be out very soon and you will know for SURE.</p>
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It is unusual; but nothing would prevent the schools to request completed entrance conseling and / or signed MPN from a student who is not admitted yet</p>