A need-based, low-interest loan available to students rather than their parents. The amount of the loan is determined by each college and is based on the expected family contribution. The student will be held responsible for this loan, not the parent. Repayment doesn't begin until after a student graduates, falls below half-time student status, or leaves college. After graduating, a student typically has a nine-month grace period during which interest doesn't accrue. Perkins loans offer low interest rates to students and can be repaid within ten years.
Related information about Perkins loan:
- Federal Perkins Loan Program
Mar 28, 2012 ... The Federal Perkins Loan Program provides low-interest loans to help needy students finance the costs of postsecondary education.
- Perkins Loans | Federal Student Aid
The low-interest Federal Perkins Loan provides money for college or career school for students with exceptional financial need. The amount you receive ...
- Federal Perkins Loan - Wikipedia, the free encyclopedia
A Federal Perkins Loan, or Perkins Loan, is a need-based student loan offered by the U.S. Department of Education to assist American college students in ...
- Perkins Loan < Federal Student Loans
Everything you need to know about the Federal Perkins loan - eligibility, how to apply, estimated monthly payments and tax incentives!
- Federal Perkins loan information for undergraduates
A federal Perkins loan is a low interest (5%) loan for students with "exceptional" need. The Department of Education provides funding to your school. Your school ...
- Federal Perkins Loan — The Office of Student Aid
Oct 12, 2012 ... The Federal Perkins Loan is for undergraduate and graduate students and offers a 5 percent fixed rate with zero origination fees.
- Repay your Federal Perkins Loan
Repay your Federal Perkins Loan. After you stop attending school at least half time, your grace period begins. Your initial grace period is nine months.
- Federal Perkins Loans - Federal Aid - Financial Aid - Scholarships ...
A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. Your school is your lender; the loan ...