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Perkins Loan

Definition: Perkins loans are given to students who show that they have financial need (by filling out the FAFSA).  Here are some of the details:

Interest: 5% (fixed for the life of the loan)
Undergraduate limit: $4,000 per year to $20,000 maximum.
Graduate limit: $6,000 per year to $40,000 maximum.
Repayment term: up to 10 years
Minimum monthly payment: $40

Advice: Perkins Loans are great ways to finance your college education.  Because the interest rate is fixed, you don't need to worry about changes in interest rate.  However, at times these loans can be unattractive if other loans are offering lower rates.

 

Discuss It!

write my paper for me said:

I hadn't really known about Perkins Loan earlier. My younger brother's going out to college soon and I think that this loan would ideally allow him a better university. Perhaps he could aim an Ivy League university.

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Well the Perkins Loan would definitely do more good than bad. I am thinking about finishing my masters and now, I've got an opportunity to do just that.

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The looks really great. Most of these smaller details are usually created employing wide range of heritage knowledge. I would like all of it substantially.

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