Federal Perkins trainee Loans - What You Need to Know

Perkins Loan - Federal Perkins trainee 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 almost 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 estimate for the Federal Perkins pupil Loans to an undergraduate pupil is ,000 per year, up to a total of ,000 over the procedure of an undergraduate program. For graduate students, the max estimate is higher at ,000 per year and ,000 over the procedure 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 scholastic progress No unresolved defaults or overpayments owed on Title Iv instruction loans and grants satisfaction of all Selective service requirements

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