 | |
How to apply for Federal Perkins Loans
Federal Perkins Loans applications are obtainable through the Federal Student Aid (FSA). If
you are interested in both the Federal Perkins and Stafford Loans, you will not be required to fill
out to separate applications. However, you will need to sign a promissory note and a legal document
that states you agree to pay your loans according to the terms note. Be certain to carefully read
and understand this note and always keep a copy in a safe place.
|
Perkins Loans Allowance Depending upon you're status whether a professional student, an undergraduate student or a graduate, the Comparison Chart for student loans will shows the maximum Perkins loan funds allowed. The amount of the loan is determined by the individual’s qualifications and does not necessarily guarantee the borrower the maximum amount allowed. When taking a Federal Perkins Loan there is no additional charges received other than interest. |
Getting Paid For Perkins Loans Your school should pay the Perkins loan directly to you. It is customary to receive two payments during the academic year, either by check or by direct deposit. The loan money must first and foremost be used to pay your tuition, fees, and housing. You will receive any remaining funds either by cash or check. You have the option to allow the school to retain the funds for future academic use. Call 1-800-4-FED-AID if you have any additional questions about Federal Perkins Loans. |
