What exactly is a Federal Perkins Loan?
A Federal Perkins Loan is really a low-interest loan for both undergraduate and graduate pupils. The attention rate for the Perkins loan is 5%. Your college may be the loan provider. The loan is manufactured with federal government funds, as well as your college contributes a share. Repay Perkins loans to your college.
Just how much could I borrow?
It is possible to borrow as much as:
- $5,500 for every 12 months of undergraduate research. The quantity allowed for undergraduates is $27,500.
- $8,500 for every of graduate/professional studies year. Continue reading Exactly what are perkins loans? Federal Perkins Loans