Ads
related to: what is a perkins loan for college students income rangeAllDaySearch.com has been visited by 100K+ users in the past month
relevantcore.com has been visited by 10K+ users in the past month
doconsumer.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
Federal Perkins Loan. A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017. [1] Created as part of the Federal Direct Student Loan Program, the Perkins Loan served to assist American college students fund their post-secondary education.
Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school. Each college has a set amount of Perkins Loans for its students; there has been controversy over the formula that is used to apportion the loans to colleges.
Low-income students often prefer grants and scholarships over loans because of their difficulty repaying them. In 2004, 88.5% of Pell Grant recipients who had bachelor's degrees graduated with student loan debt. After college, students struggle to break into a higher income bracket because of the loans they owe.
Access repayment plans: Some older student loans, such as FFEL loans and Perkins Loans, are not eligible for certain income-driven repayment plans or Public Service Loan Forgiveness (PSLF) unless ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]
For premium support please call: 800-290-4726 more ways to reach us
Ads
related to: what is a perkins loan for college students income rangeAllDaySearch.com has been visited by 100K+ users in the past month
relevantcore.com has been visited by 10K+ users in the past month
doconsumer.com has been visited by 10K+ users in the past month