Perkins Loans – Using Perkins Loans

Certain colleges and graduate schools offer Perkins Loans to their students. Perkins Loans are funded by the government and are one of the best forms of financial aid available.

Who is Eligible for Perkins Loans?
Like Stafford Loans, Perkins Loans are only awarded as part of a financial aid package. These loans are need-based. It will be up to the financial officer at your college to determine whether or not you are eligible for Perkins Loans.

Paying Back Perkins Loans
Perkins Loans are attractive options for college bound students because the loans carry a very low interest rate. The other benefit is that Perkins Loans do not have to be paid back until after graduation.

Applying for Perkins Loans
To apply for Perkins Loans, you must fill out the FAFSA.