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Federal Perkins Loan. 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.
Federal Perkins Loans are low-interest loans made through a school’s financial aid office using federal funds. Undergraduate and graduate students with exceptional financial need are eligible to receive a Federal Perkins Loan.
Receiving student loan forgiveness isn’t fast or easy, but it can wipe out your federal student loans. This Penny Hoarder guide helps you navigate the programs. This was originally published on ...
The Carl D. Perkins Vocational and Technical Education Act was first authorized by the federal government in 1984 and reauthorized in 1990 (Perkins II), 1998 (Perkins III), 2006 (Perkins IV), and 2018 (Perkins V). Named for Carl D. Perkins, the act aims to increase the quality of technical education within the United States in order to help the economy. [1]
The student loan forgiveness application officially opened on Monday.
Perkins Loans If you have a Perkins loan, you could be eligible for 100% forgiveness, depending on your job.
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