Definitions for "Perkins Loans"
A campus-based, low interest loan for graduate and undergraduate students. The college acts as the lender using a limited pool of funds provided by the federal government. These loans are awarded based on exceptional financial need.
Federal loans awarded to you by colleges as part of their total aid package. You do not have to begin repaying these loans until nine months after leaving college. No separate application process is needed. Decisions are based on the information provided on the FAFSA.
low-interest loans made under the Federal Perkins Loan Program to undergraduate and graduate students through your school. You repay the school or the agent the school hires to service the loan. These loans are made based on financial need.