College Planning & Financial Aid
In the college financial aid process , what is a Federal Perkins loan ?
Answer:
Federal Perkins loans are low-interest, federally-funded loans for undergraduate and graduate students. The loans are available on a limited basis to students with very high financial need. Nine months after graduation or leaving school, the interest and principal repayment commences. The repayment term is up to ten years with a $40 minimum payment due.
Interested in more College Planning & Financial Aid Questions?
- When must contributions to an Educational IRA be completed by ?
- Can I deduct the amounts I pay for Law School ?
- What is the tax consequences of taking money out of my IRA and paying for my daughters college education ?
- What are some websites for finding College Home pages ?
- What are some websites for SAT and ACT Online access ?