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What is the federal Perkins loan?
The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.
Money borrowed that must be paid back?
A loan.
Can a guarantor get their money back from someone who has defaulted on their loan?
No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.
Can you get a Perkins and a Stafford loan?
Yes it's possible.
Can you get a Perkins loan if you have maxed out on a federal Stafford or direct loan?
it depends on your school. Not all schools are part of perkins loan program. Ask, your financial aid office at your school to find out if they participate in the Perkins loan program. If they do, then you're eligible to receive up to $4000 every school year if you meet all the required criteria.
What is the federal Perkins loan?
The federal perkins loan is a student loan offered by the U.S. Department of Education to help American students with their college financing. Those that use the federal perkins loan, will have a 5% interest rate that can be paid over ten years.
What does not have to be paid back Afederal Stafford loans Bfederal pell grant Cfederal perkins loan?
Loans have to be repaid and grants do not, so the Pell Grant would not have to be repaid.
When do student have to begin paying back the Perkins loan?
9 months
Can you convert a stafford loan to a perkins loan?
No.
How much money has General Motors paid back to the government of the 100 trillion?
The loan was 7.1 billion not 100 trillion. They have paid back all of the loan.
Money borrowed that must be paid back?
A loan.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
What is a low-interest loan to students with very high financial need?
perkins
Is George Mason University part of the Perkins Loan program?
Yes, George Mason University participates in the Perkins loan program. Perkins loans are for students who demonstrate financial need when attending college.
Can a guarantor get their money back from someone who has defaulted on their loan?
No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.
Perkins Loan Application?
Perkins Loans are government loans that are made through participating schools to graduate and undergraduate students who have serious financial need. Perkins Loans are so appealing to students because they have low interest rates associated with them and students who have good or bad credit can generally qualify. When filing a Perkins Loan application, it is important for students and their families to remember that the main qualifying factor for this loan is great financial need. In most simplistic terms, if a student's Expected Family Contribution, or EFC, as it was determined by the government's FAFSA, or Free Application for Federal Student Aid, does not demonstrate the greatest level of financial need, a student may not qualify. However, in recent years, more and more students are easily qualifying for the Perkins Loan due to tough economic times. When filing a Perkins Loan application, it is important to remember that students who received the Federal Pell Grant will also receive priority for the Perkins Loan. Also, in consideration to the Perkins Loan application, it is extremely wise to apply for this loan type as early as possible. Schools who participate in distributing the Perkins Loan do so on behalf of the government, so when loan funds are gone for the Perkins Loan, they are sincerely gone until the next school year. If you think that you will qualify for the Perkins Loan during any school year, it is imperative that you file for this loan as close to January first of a new year as possible. This will ensure that if you do qualify for this loan, you will be able to receive the maximum amount of funding that can be given through the Perkins Loan. Perkins Loan applications can be filed on the Internet or through traditional loan application papers which can be located through participating schools and in other such locations. Perkins Loan application filing will not require you to have a cosigner, so you can file whenever the best time is for you. However, it is always wise to remember that filing for the Perkins Loan early in the year is the most ideal time if you are really serious about receiving funding from this government loan type.
Perkins Student Loan?
The Federal Perkins Student Loan, better known as simply the Perkins loan, is a low-interest student loan for individuals determined to have "exceptional" financial needs. The Perkins loans are serviced by the U.S. Department of Education. The Perkins loan may be used to cover educational expenses related to undergraduate and graduate education at an American college or university. The loan program was established in 1965 and is named after the former U.S. House of Representative, Carl D. Perkins. The Perkins loan is one of the student loans available with the best conditions offered.Eligibility for a Perkins LoanIn order to be eligible to receive a Perkins loan, a borrower must be a U.S. citizen, permanent resident, or eligible non-citizen. In addition, the borrower must be enrolled in an eligible institution at least half-time in a degree program, must have satisfactory academic progress, and must have no unresolved overpayments or defaults owed on Title IV education grants and loans. In addition, the borrower must show "exceptional" financial need. Advantages and Disadvantages of a Perkins LoanThere are several advantages to borrowing a Perkins loan. Perkins loans have a fixed interest rate of 5% during the ten year repayment period. In addition, Perkins loans, as a form of subsidized loan, do not accrue in interest while the borrower is in school. Perkins loans also provide a nine month grace period and do not have any related loan fees. Loan cancellation is provided for teachers who serve in low income schools or teach math, science, or bilingual education as well as for volunteers with the Peace Corps. The only real downsides to the Perkins loan are that the interest rate may not be as low as the lowest possible private loan interest rate and that Perkins loans do not offer "repayment incentives" that some private loans do. However, those who are eligible for Perkins loans will likely not have the financial credit score necessary to obtain a low interest private loan. Thus, if a borrower is able to obtain a Perkins loan, it is probably the best available financing option.
