Federal Perkins student Loans - What You Need to Know

Perkins Loan - Federal Perkins student Loans - What You Need to Know

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The Federal Perkins pupil Loans program provides low-interest loans to help needy students finance the costs of postsecondary education. Students can receive Perkins loans at any one of roughly 1,800 participating postsecondary institutions. However, recipients of Federal Pell Grants receive priority for Perkins Loans.

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Perkins Loan

What Are the Terms of the Federal Perkins pupil Loans.

A Federal Perkins loan is a low interest (5%) loan. The maximum amount for the Federal Perkins pupil Loans to an undergraduate pupil is ,000 per year, up to a total of ,000 over the course of an undergraduate program. For graduate students, the max amount is higher at ,000 per year and ,000 over the course of the graduate studies.

Perkins loan qualification requirements

Enrollment in an eligible school at least half-time in a degree program U.S. Citizenship, permanent residency, or eligible non-citizen status Satisfactory schoraly progress No unresolved defaults or overpayments owed on Title Iv education loans and grants pleasure of all Selective aid requirements

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