Perkins Loan

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Dictionary Says

Definition of 'Perkins Loan'

A loan program that provides low-interest student loans to undergraduate and graduate students who demonstrate exceptional financial need. The Perkins Loan is made through the student's school's financial aid office. The school is the lender, and therefore the loan is repaid to the school. The loan is paid either directly to the student (usually by a check) or the loan amount is applied towards school charges and expenses. Repayment on the loan begins nine months after the student graduates, leaves school or drops below half-time status.
Investopedia Says

Investopedia explains 'Perkins Loan'

The Federal Perkins Loan Program has borrowing limits depending on when the student applies, the student's financial need and the school's funding level. Students can borrow up to $5,500 for each year of undergraduate study - up to $27,500 - and $8,000 for each year of graduate or professional study - up to $60,000, including any undergraduate Federal Perkins Loans.  
Search results for

'Perkins Loan'

  • An Introduction To Perkins Loans

    http://www.investopedia.com/articles/younginvestors/11/everything-you-need-to-know-perkins-loans.asp
    ... repaid. You must fill out the Free Application for Federal Student Aid (FAFSA)
    form to determine your eligibility for a Perkins Loan. ...

  • College Loans: Private Vs. Federal

    http://www.investopedia.com/articles/younginvestors/09/private-or-federal-student-loans.asp
    ... see Pay For College Without Selling A Kidney.) Types of Federal College Loans There
    are three types of federal loans: the Federal Perkins Loan, the Federal ...

  • Student Loans: Loan Repayment | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans4.asp
    ... Perkins loan borrowers get nine months. How Repayment Works Each lender sets up
    a 10-year repayment schedule based on the amount you owe them. ...

  • Student Loans: Federal Loans | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans2.asp
    ... Perkins loans come with a variety of loan forgiveness programs for taking
    certain public service jobs after graduation. Subsidized ...

  • Pay For A College Education With Retirement Funds

    http://www.investopedia.com/articles/retirement/07/college-retirement.asp
    ... your circumstances: 1. Can you manage the burden of a large loan? ... most college expenses -
    including federal Pell Grants, (lowest-interest) Perkins Student Loans ...

  • Student Loan Deferment: Live To Pay Another Day

    http://www.investopedia.com/articles/younginvestors/07/deferment.asp
    ... With a deferment, interest on the loan may or may not accrue, depending on the type
    of loan incurred. With Perkins Loans or Stafford Loans, no interest accrues ...

  • Student Loan Debt: Is Consolidation The Answer?

    http://www.investopedia.com/articles/younginvestors/09/consolidate-student-loans.asp
    ... If you have a Perkins, Stafford or PLUS loan you can choose to stick with
    the 10-year repayment plan for your consolidated loan. ...

  • Debunking 10 Budget Myths

    http://www.investopedia.com/articles/pf/08/debunking-budget-myths.asp
    ... When you apply for federal student aid such as the Stafford Loan, Perkins Loan or
    Pell Grant, you will fill out the Free Application for Federal Student Aid ...

  • Fund Your Schooling With PLUS Loans

    http://www.investopedia.com/articles/younginvestors/11/plus-loans.asp
    ... There is no maximum that you can receive under the PLUS loan program, unlike the
    Stafford and Perkins programs. The Federal Family Education Loan (FFEL SM ...

  • Keeping Your Student Loans In Check - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0611/Keeping-Your-Student-Loans-In-Check.aspx
    ... track of your student loans, you can go to the National Student Loan Data System ...
    a six-month grace period on Stafford Loans and nine months on Perkins Loans. ...

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