Topic: Perkins Loans

What types of student loans are included in an Income-Based Repayment plan?

Most federal student loans are included, such as:

Federal student loans through the Direct Student Loan Program
Stafford Student Loans
GradPLUS Student Loans
Federal consolidation loans that do not include Parent PLUS Loans
Perkins loans, if they have been consolidated… More »

Choose the right student loans, pay back less

If you're like most students and parents facing a tuition bill, you're going to need to borrow. That's a pretty simple reality.
It does get complicated, however, because there are many different types of student and parent loans. -Remember don't… More »

Federal loans

Of all the loan types, federal loans are the most desirable to have in your financial aid package. They offer fixed, low interest rates, and in some cases, are subsidized. Federal student loans include Perkins, Stafford, Parent PLUS, and Graduate… More »

Student loans overview

Let’s face it – student loans are probably the least exciting part of going to college or grad school. But for many students, they are a necessity. In order to make sure you graduate with the lowest debt burden possible,… More »

Can I re-consolidate a federal consolidation loan?

The only way you can re-consolidate a federal consolidation loan is by adding a new (or otherwise not already consolidated) federal loan. Therefore, if you have already consolidated your loans once and now have a new loan that was not… More »

How much can I borrow in federal student loans?

It depends on the type of federal student loan. Here are the 2010-11 borrowing limits for the most common types of federal student loans by year.
Freshman:

Stafford – Dependent Students: $5,500

Stafford – Independent Students: $9,500

Perkins: $5,500

PLUS… More »

What are the different types of student loans available for my child?

There are two main types of student loans for undergraduate students - federal loans and private loans. Federal loans are either federally funded or federally backed (or insured) student loans.
Federal Perkins Loans:

Taken out in the student's name
Fixed… More »

What are the different types of student loans for graduate or professional program students?

There are two main types of student loans for graduate students - federal loans and private loans. Federal loans are either federally funded or federally backed (or insured) student loans.
Federal Perkins Loans:

Fixed 5% interest rate
Maximum award of… More »

Do I need a co-signer for a student loan?

For federal student loans, such as Perkins or Stafford, you do not need a co-signer. For private student loans, you should apply with a credit-worthy co-signer to increase your chances of approval and possibly improve the rate and fees you… More »

What are the different types of student loans for undergraduate students?

There are three types of student loans for undergraduate students.
Federal Perkins Loans:

Fixed 5% interest rate.

Maximum award of $5,500 per undergraduate year.

School-awarded.

Very limited availability.

Federal Stafford Loans:

You must be enrolled at least half-time.

Interest rate… More »

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