Financing Your Education - Federal Perkins Loans

by: Michael Saunders
The 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.
  (continued...)

Financing Your Education - Federal Perkins Loans
  Page 2

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

Family Planning Services Grants
OPHS has recently established a funding opportunity entitled Family Planning Services Grants, a program wherein the OPHS, along with the HHS, will award grants to eligible individuals who seek to operate voluntary family planning services projects that would provide family planning services to everyone who desires to avail of such services, including low-income families in under-served areas.

---

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.

---

Looking for College Grants?
Grants are a type of student aid that is awarded by the government. Grants for college students do not have to be repaid. Grants are based upon financial need, as calculated by the federal aid progr...

---

What's this I Hear About a Free Application for Federal Student Aid?
Are you struggling to get through school financially but not sure where to turn next? Have you exhausted loan options but are sick of paying large fees just to apply for the loan and being turned down anyway at the end? You will be glad to find out that that there are cost-free Federal Student Aid applications available to you.

---