Financing Your Education - Federal Perkins Loans
by:
Michael SaundersThe Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.
While the Federal Perkins Loan Program is overseen by the Department of Education, the student will contact their institute of choice that they are attending or plan to attend. In order to be eligible students must be enrolled in eligible schools that may be public or private nonprofit institutions of higher education.
Students are required to sign a statement of educational purpose, a statement of registration compliance, are not allowed to owe a refund on another a Title IV grant, and cannot currently have a Title IV loan that is defaulted and cannot already have a bachelors degree. The student must file a Free Application for Federal Student Aid.
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Financing Your Education - Federal Perkins Loans
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About The Author
The author edits a site featuring Educational Grants and another Government Grants site providing info on every grant the federal government offers.
Michael Saunders has an MBA from the Stanford Graduate School of Business. |
Additional Resources
category - Education Grants
What is the Difference between Getting a Federal Student Loan and a Private Student Loan?Student loans can be very tricky, and are very confusing to most. In many situations, families are accepted for all different kind of loans and then are left in the dark when it is time to pay it back or fail to realize that they owe as much due to accrued interest.
Financing Your Education - Work Study OpportunitiesThe Federal Work-Study Program assists those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance by providing them with part-time employment. Not only does the Federal Work-Study Program provide part-time employment, it also encourages these students to participate in community service activities.
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Education Grants for Students Interested in Teaching CareersTeacher Education Assistance for College and Higher Education Grants (TEACH Grants) assist those undergraduate and graduate postsecondary students that agree to teach specific and specific subjects that are in high need at schools that primarily serve disadvantaged populations.