Federal Perkins Loans Program
The Federal Perkins Loans program is a such loan program which provide loans to students at low interest rates who studying post secondary education. There are many institutions available who can get this loan.
This loan program is in demand and subsidized, so student should apply earlier in order to gain and subsidized means, the government pay the interest.
The main features of this Federal Perkins loan is low interest than other loan program. Undergraduate students may be get upto $4,000 and graduate student upto $6,000 per year. When you will be graduate then you have to payback it, in between you do not have to worry to return back it. It may be extend too.This type of loans is good for Single mothers. Single mothers can apply for it in order to get their tuition fees etc.
Perkins Loan cancellation program
If you have taken Perkin Loans and you want to become teacher, you have to work as a teacher in the same school, you will get canceled your perkin loans according to years you teach.
Five Year(30%) full cancellation
* Financially needy undergraduate and graduate students
* US Citizenships
* Full time or part time enrollment
* Attenting a school
* No default in previous loan program
* Good Acedemic Progress
How to apply
For applying this loan program you have to fill FAFSA form online in order to apply it. Then Financial Aid department analyze your application and get it approved.
How to cancel it
You may cancel it before disbursing the loan amount. It may take certain time to cancel.
Where to contact
Full Information about perkin loans
Federal Student Aid Information Center
(800) 433-3243 or (800) 4FED-AID
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