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A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017. [1] Created as part of the Federal Direct Student Loan Program, the Perkins Loan served to assist American college students fund their post-secondary education.
They qualify for discharge of Stafford, Perkins, and Federal Family Education Loan Program loans up to $77,500. [ 69 ] Any person employed full-time by a 501(c)(3) non-profit group, or another qualifying public service organization, or serving in a full-time AmeriCorps or Peace Corps position, [ 70 ] qualifies for discharge after 120 qualifying ...
Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
Several programs are available to help forgive student loan debt, such as income-driven repayment plans, Public Service Loan Forgiveness, and Perkins Loan Cancellation.
Borrowers with William D. Ford Federal Direct Loan, Perkins Loan, and Federal Family Education Loan (FFEL) loans that are owned by ED or commercially held are eligible for Fresh Start, ...
The presidents of Northeastern, Tufts, and Boston universities have banded together with other college heads to lobby President Obama to preserve funding for the Federal Perkins Loan Program ...
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