Perkins Loan

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.
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Senators Rob Portman (R-OH), Tammy Baldwin (D-WI), Bob Casey (D-PA) and Susan Collins (R-ME) wrote to leaders of the Health, Education, Labor and Pensions (HELP) Committee urging them to immediately act to save the Perkins Loan Program before it expires this Saturday, September 30th.
Since its space-race inception, the Perkins Loan program has offered generous loan-forgiveness terms for teachers.
In October 2015, reports of the death of the Federal Perkins Loan Program, the nation's oldest, proved greatly exaggerated when the program was extended.
Ford Federal Direct Loan (Direct Loan) Program loan, Federal Family Education Loan (FFEL) Program loan, and/or Federal Perkins Loan (Perkins Loan) Program loan or complete a TEACH Grant service obligation on the basis of your total and permanent disability Before your federal student loans or TEACH Grant service obligation can be discharged, you must provide information to the U.
The Federal Perkins Loan Program offers low-interest loans to undergraduate and graduate college students "with exceptional financial need.
Students with exceptional financial need may qualify for a federal Perkins Loan.
Beginning in the late 1990s, many states developed memoranda of understanding for linked data systems, but these were limited in their usage to reporting on the federal Perkins Loan Program and included only those institutions that receive Perkins funds.
According to state officials, colleges may be unable to draw down and disburse to students funds from campus-based programs such as work-study or the Federal Perkins Loan Program until the shutdown ends.
Supplemental grants to needy students would remain unchanged at $734 million, while the administration would expand by eight-fold the loan volume under the Perkins Loan program.
Specifically, the analysis compares the cumulative debt from Stafford and Perkins loan programs of students who did not complete a degree within 6 years of first enrolling ("noncompleters") with that of their counterparts who did complete ("completers").
The exact number of lawsuits is not known, but just last year alone the University of Pennsylvania filed at least a dozen lawsuits over the Federal Perkins Loan, Bloomberg reported.