College financial aid process - what is a Federal Perkins loan ?
Answer:
The Federal Perkins loan are low interest federal funded loans for undergraduate and graduate students.
The loans are available on a limited basis to students with very high financial need. 9 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.
The loans are available on a limited basis to students with very high financial need. 9 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.
