super jobs online

super jobs

jobs online  

POST
RESUME
FREE

   

WORK
AT
HOME

 
HOME ADVERTISE FEEDBACK ABOUT US CONTACT US SITEMAP  

 
PERKINS LOAN

 

This section has been made to guide and provide you information about Student Loan, Student Loan Consolidation Program, Student Loan Consolidation Services. It covers various types of Loans available, may be it a Federal Student Loan, College Student loan, International Student Loan or Private Student Loan, and information from Student Loan Refinancing to Student Loan Corporation.

 

Federal Perkins Loan is loan program for both Graduate and Undergraduate students which provide a low interest rate to students to meet their financial need. The school of a student lends Perkins loan to students. This Perkins student loan is given from government funds. To apply for Perkins Loan a student has to give a Perkins loan application. Financial need is determined using a standard formula, to evaluate the financial information reported by the student on the Free Application for Federal Student Aid (FAFSA). A undergraduate can borrow 4000$ each year, the total amount a undergraduate student is allowed to draw is $20,000. Where as in the case of undergraduate $6000 is given each year and total amount is $40,000.

The interest charged during repayment of the Federal Perkins Loan is 5%. The government pays interest during in-school period. In case of Perkins Loans, no origination or guarantee fess is required. 9 month grace period is given for repayment of loan. The Perkins Loan has 10 year repayment period.

Students receive Perkins loans from participating institutions after filing the Free Application for Federal Student Aid (FAFSA) to determine their financial need. Under federal Perkins Loan Program, a student, weather a graduate or a undergraduate is charged only if he skips Perkins loan payment, make less than a full payment. Perkins Loan cancellation can be done by informing the school. On the death of the student or a permanent disability there can be Perkins Loan forgivness. During Perkins loan deferment, no interest is accrued and the student is allowed to temporarily postpone Perkins Loan payments. The monthly payment amount for the repayment of the Perkins Loan is determined by the length of the repayment period.


 


BACK TO FEDERAL STUDENT LOAN PAGE

 

 

 

 
Job Seekers

Subscribe For Free Newsletter !
Submit your Email-ID to SuperJobsOnline.com, & we will Notify you when New Updates regarding Jobs and Careers are posted on this Website.

Email

Recruiters

Post Resume

 
SEARCH JOBS AND CAREERS
All Words Any Words Phrase
 

 A Career Portal by TS
The Content of this Site is Copyright Total Success 2007. All Rights Reserved.

Disclaimer - Terms And Conditions - Links