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There are different types of federal loans (Direct, FFEL, Perkins, Stafford, PLUS, etc.). To figure out what type of federal loan you have, look at the promissory note and application, or log into your account on studentaid.gov. How do I know what kind of loan I have? | Pine Tree Legal Assistance ptla.org how-do-i-know-what-kind-loan-i- ptla.org how-do-i-know-what-kind-loan-i-
A Perkins Loan is a type of federal student loan based on financial need. A Perkins Loan is a low interest, subsidized federal student loan, meaning you wont pay or collect interest while you are in school and during the grace period after you leave school. What is a Perkins loan? | Consumer Financial Protection Bureau consumerfinance.gov ask-cfpb what-is-a consumerfinance.gov ask-cfpb what-is-a
Eligible family doctors, residents in family medicine, nurse practitioners, and nurses can get Canada Student Loan forgiveness through the federal government. However, only the federal portion of the loan can be forgiven (not the provincial or territorial portion).
Paying back your Perkins Loan: If you are attending school at least half-time, you have nine months after you graduate, leave school, or drop below half-time status before you must begin repayment. Perkins Loans | Federal Student Aid studentaid.gov understand-aid types perkins studentaid.gov understand-aid types perkins
Perkins loan holders who work in a public service position are eligible to have their student debt partially or fully erased through a federal forgiveness program after working in approved public service jobs and making qualifying payments. How to Get Forgiveness for Your Perkins Loans - NerdWallet nerdwallet.com loans student-loans per nerdwallet.com loans student-loans per
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If youre notified that youre eligible for forgiveness, loan repayment will be paused until the discharge is processed, the Department of Education says. Your loan servicer should let you know when your student loan debt is discharged.
You may be eligible to have all or a portion of your Federal Perkins Loan canceled (based on your employment or volunteer service) or discharged (under certain conditions).
Here are the main distinctions between Perkins and Stafford student loans: Eligibility: Perkins Loans are need-based, meaning they are awarded to students who demonstrate exceptional financial need. Stafford Loans, on the other hand, can be either need-based (subsidized) or non-need-based (unsubsidized).
The definitive source for information on your federal student loans is the U.S. Department of Educations Federal Student Aid website. Your student loan servicer, to whom you send your regular payments, should also have important information about your loan.
Eligible Loans EligibleIneligible Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans Direct Consolidation Loans Federal Family Education Loan (FFEL) Federal Perkins Loan (Perkins Loan) Student loans from private lenders

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