Perkins Loan

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Perkins Loan

A loan offered by the U.S. federal government to students seeking a post-secondary degree or certification. The loan is offered to students who demonstrate financial need. It is offered at a 5% interest rate and has a 10-year repayment period.
References in periodicals archive ?
Wisconsin recognizes the value and importance of the Federal Perkins Loan program which supports 27,513 students throughout our state, 3,599 of whom are students at UW-Madison, said Derek Kindle, the Director of Student Financial Aid at the University of Wisconsin-Madison.
The Federal Perkins Loan is a no-interest loan while the student is in school.
On the other hand, many in Washington feel that it may become a substitute for or dilute the major Federal aid programs such as Pell Grants, Stafford Subsidized Loan Program, Federal Supplemental Educational Opportunity Grant, Federal Work Studies, and Federal Perkins Loan.
An accrual resulting from a now-resolved servicing issue related to DeVry University's administration of its Federal Perkins loan program
Senator Susan Collins (R-ME), a member of the Senate Education Committee, introduced bipartisan legislation today along with Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), and Robert Casey (D-PA), to extend the federal Perkins Loan Program for two years.
Colleges and universities would be unable to make disbursements to students in the work-study program or the federal Perkins Loan Program -- which helps to finance the cost of postsecondary education at a low rate of interest.
Second, it published final regulations for the Federal Perkins Loan, Federal Family Education Loan, and William D.
FPL: The Federal Perkins Loan (FPL) is also in the student's name; he or she will be entitled to the student-loan interest deduction.
Secretary Spellings responded in part that the department does provide loan forgiveness programs for qualified teachers, and if you have a loan from the Federal Perkins Loan Program, you may be eligible for loan cancellation for full-time teaching at a low-income school or in subject areas with teacher shortages.
Those programs are the federal Perkins loan program, the Supplemental Education Opportunity Grant and the college work-study program.
Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), Bob Casey (D-PA) and Susan Collins (R-ME) have introduced bipartisan legislation to extend the federal Perkins Loan Program for two years.
Also, the Department of Education released draft instructions to help IHEs running a shortfall in federal Perkins Loan revolving funds, allowing them to recoup institutional short-term loans to the funds over a longer period.
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