Financing Your Education - Federal Perkins Loans
Page 2

Unlike other federal loans though, the Federal Perkins Loan is made available to the student through the financial aid office of their institution. This means that rather than borrowing from the government or a commercial lender, the student is lending from the school and the loan is made with government funds. While it was made with government funds, the student still pays back the school. Schools can provide the students the money by issuing a cash or check or applying the sum directly to the student account at the school.

To be eligible for the Federal Perkins Loan Program the student is required to be a United States citizen or an eligible non-citizen (this means those with an Alien Registration Card or those with a Arrival Departure Record with specific designations). The student must also be accepted for enrollment into an eligible institution of higher education.

Depending on the need of the student and how much they are assigned designated by the institution, a Federal Perkins Loan limit is at $4,000 for undergraduate students that are attending the institution and $6,000 for graduate students. This is set, unless reasonable study abroad costs exceed the cost of attendance at the home institution, at that point the student can receive up to 20% more to pay for the extra cost that may be encountered in that particular situation.

As long as the student maintains half-time status they have nine months after the date that they either graduate, drop below half-time student status or leave school before they need to start thinking about the repayment of their student loans. This period that the student gets before having to start paying back their loan is called the grace period. Students may be allowed up to 10 years to repay their Federal Perkins Loan.

Financing Your Education - Federal Perkins Loans
  Back to Page 1

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 Government Grants Resources

Improving Higher Education Quality Program in Vietnam
The United States Agency for International Development Headquarters in Bangkok has recently established the Improving Higher Education Quality Program in Vietnam.

---

Predictive Lung Deposition Models for Safety and Efficacy of Orally Inhaled Drug Products Program.
The USFA has recently formed a collaboration with the National Institutes of Health to establish the Predictive Lung Deposition Models for Safety and Efficacy of Orally Inhaled Drug Products Program.

---

Health Care Fraud Program Expansion and Senior Medical Patrol Capacity Building Grants
In line with this mission, the Administration on Aging has recently established the Health Care Fraud Program Expansion and Senior Medical Patrol Capacity Building Grants in an attempt to boost the capacity of the Senior Medicare Patrol (SMP) program to reach more Medicare and Medicaid beneficiaries, their families and caregivers, while focusing on fraud prevention and identification.

---

Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.

---

Nurse Education, Practice, Quality and Retention (NEPQR) Program - Interprofessional Collaborative Practice
The Health Resources and Services Administration has recently announced the establishment of the Nurse Education, Practice, Quality and Retention (NEPQR) Program - Interprofessional Collaborative Practice.

---

Every Day Counts Innovation Initiatives - Request for Information
In keeping with this mission, the Federal Highway Administration has recently constituted the Every Day Counts Innovation Initiatives project wherein they intend to solicit information from all eligible sources regarding innovations and advances that will potentially transform the way people will do business.

---

Finding And Applying For Government Grants
According to a U.S. government website, there are $400 billion in grants currently available in over 1000 different programs. Naturally with such a huge amount finding a program that you or your comp...

---