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1. en.wikipedia.org › wiki › Federal_Perkins_LoanFederal Perkins Loan - Wikipedia

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   Perkins Loans carried a fixed interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program had a nine-month grace period, so that borrowers began repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university.

2. www.investopedia.com › terms › pPerkins Loan: What It Was, How It Worked, and Repayment Rules

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   11 sie 2024 · Federal Perkins Loans carried a 5% interest rate and a 10-year repayment term. Repayment on the loan began nine months after the student graduated, left school, or dropped below half-time...

3. www.debt.org › students › types-of-loansFederal Perkins Loan Program: Interest Rates & Eligibility -...

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   10 cze 2020 · Perkins loans are federal student loans offered to undergraduate and graduate students with exceptional financial need. They are always subsidized, meaning you won’t pay or accrue any interest while you are in school or during the nine-month grace period following graduation.

4. www.thebalancemoney.com › what-is-a-perkins-loan-6822127What Is a Perkins Loan? - The Balance

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   27 paź 2022 · The interest rate on a Perkins loan is fixed at 5%, and there is a nine-month grace period after you graduate or leave school before repayment begins. You have up to 10 years to repay the loan in full.

5. www.nerdwallet.com › article › loansWhat Are Perkins Student Loans? - NerdWallet

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   11 paź 2023 · Every Perkins loan disbursed on or after Oct. 1, 1981 carries a fixed 5% interest rate. Perkins loans were also subsidized, which means the government covered all interest that...

6. www.scholarships.com › financial-aid › federal-aidFederal Perkins Loans - Scholarships.com

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   18 lis 2015 · A Federal Perkins Loan is a low-interest loan for both undergraduate and graduate students. The interest rate for a Perkins loan is 5%. Your school is the lender. The loan is made with government funds, and your school contributes a share. Repay Perkins loans to your school.

7. www.supermoney.com › encyclopedia › perkins-loansPerkins Loans: History, Repayment, and Alternatives

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   15 mar 2024 · What were the borrowing limits, interest rates, and repayment terms for Perkins loans? Borrowing limits for undergraduates were up to $5,500 annually, with a total limit of $27,500. Graduate students could borrow up to $8,000 annually, capped at $60,000.