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Federal Perkins Loan; Formerly the National Direct Student Loan Program, the Perkins Loan allows students to borrow up to $3,000/year (5 year max) for undergraduate school and $5,000/year for graduate school (6 year max). The Perkins Loan has one of the lowest interest rates and is awarded to students with exceptional financial need. The student must have applied for a Pell Grant to be eligible. The interest on the Perkins Loan is subsidized while the student is in school.
Federal Perkins Loan Consolidation for as low as 4.5%
TO Qualify:
In an eligible school at least half-time in a degree program
U.S. citizenship, permanent residency, or eligible non-citizen status
Satisfactory academic progress
No unresolved defaults or overpayments owed on Title IV education loans and grants
- Satisfaction of all Selective Service requirements
The U.S. Department of Education provides a programmed amount of funding to the school. In turn, the school determines which students have the greatest need. The school combines federal funds with some of its own funds for loans to qualifying students.
Federal Perkins Loan Consolidation for as low as 4.5%
Your school will pay you directly (usually by check) or apply your loan to your school charges. You'll receive the loan in at least two payments during tthe academic year.
Perkins loans share many of the characteristics of subsidized Stafford loans. The most notable differences are no fees and a longer grace period.
We can consolidate many types of student loans including:
- Student Loan Consolidation
- Private Student Loan Consolidation
- PLUS Loans Consolidation
- Graduate PLUS Loans Consolidation
- Stafford Loans Consolidation
- Federal Perkins Loan Consolidation
- Parent Plus Loan Consolidation
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