Federal Perkins Loans
Federal Perkins Loans are for students with the greatest financial
need. These loans are made by the college or university using government
funds.
A few Federal Perkins Loan facts:
- You must complete the FAFSA to find out if you qualify for a
Federal Perkins Loan.
- The loan amount is based upon funding available to the college
or university.
- There are no origination or guarantee fees.
- The interest rate is fixed at 5.00%.
- Repayment begins nine months after you graduate, leave school or
drop to less than half time.
|