Federal perkins disclosure fill 2025

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The document is a Federal Perkins Loan Disclosure Statement for the 2017 academic year at Frostburg State University. It outlines the terms and conditions of the Federal Perkins Loan Program, including eligibility, loan limits, repayment details, potential cancellation options for qualifying service, and consequences of default. The document emphasizes the importance of understanding one's rights and responsibilities regarding the loan.

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What qualifies as a Perkins Loan?

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.

Are stafford and perkins loans the same?

Perkins loans are a bit different from Stafford loans because the school lends the money to the student rather than the federal government. This can be very helpful to students who need extra help and have already borrowed the maximum amount in Stafford loans.

What is a federal loan disclosure statement?

If you expand View Loans and select the View Loan Details arrow next to a loan, youll see the more detailed name for that loan. Direct Loans begin with the word Direct. Federal Family Education Loan Program loans begin with FFEL. Perkins Loans include the word Perkins in the name.

How do I know if my student loan is a Perkins Loan?

Direct Loans are issued by the U.S. Department of Education, while indirect loans are made by colleges and universities. Federal Family Education Loans (FFEL) and Perkins Loans are two common types of indirect loans. These loans were made by private lenders and guaranteed by the federal government.

Who qualifies for a Federal Perkins Loan?

Who is Eligible? Undergraduate and some graduate students are eligible for Perkins Loans. A school must give priority to students with exceptional financial need as defined by the school using procedures it establishes for that purpose.

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Is a direct unsubsidized loan a Perkins Loan?

The federal Perkins Loan Program expired in September 2017, and the last Perkins loan funds were dispersed in June 2018. Many Perkins loans remain outstanding. The U.S. government currently offers other federal loans, including direct subsidized and unsubsidized ones, often called Stafford loans.

Federal perkins disclosure fill 2025

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What qualifies as a Perkins Loan?

Are stafford and perkins loans the same?

What is a federal loan disclosure statement?

How do I know if my student loan is a Perkins Loan?

Who qualifies for a Federal Perkins Loan?

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Is a direct unsubsidized loan a Perkins Loan?

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