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PERKINS STUDENT LOANS
If you are fortunate enough to have Perkins loans, you have a wealth of deferment and discharge options available to you.
Perkins loans carry a five percent interest rate, fixed, with the standard ten-year repayment plan. They are issued by the school and payments are made to the school unless the school has arranged for a servicing organization to process payments.
Perkins loans are ideal for the student who plans a career in public service. While public service deferments have been virtually eliminated for other loan programs, Perkins student loans still qualify for deferment and discharge.
Imagine this … you finish school and take a job teaching. Okay, it doesn’t pay very much, but it’s what you’ve always wanted to do. So you place your Perkins student loans in deferment for a year while you teach in a target school. At the end of the year, 20% of your Perkins student loan indebtedness is written off. Forgiven. Discharged. And they do it again the next year. And the next. Five years of qualified deferment while you teach, and every year a portion of your loan is written off. Sound good? It works for other fields too.
Perkins student loans are the ideal funding vehicle for education for those who plan to serve the community. For more detailed information, read “Surviving Your Student Loans”.
Perkins Student Loans:
Student Loan Topics:
Master Promissory Note, Student Loan Deferment, Student Loan Forbearance, Student Loan Consolidation, Student Loan Discharge, Student Loan Grace Period, Subsidized
Student Loans, Unsubsidized Student Loans, Stafford Student
Loans, Perkins Student Loans, Direct Student Loans, PLUS
Student Loans, William G. Ford Student Loans, Student
Loan Delinquency, Student Loan Default, Student Loan Payment
Options, Student Loan Case Studies, Student Loan Management,Additional Reading Relating To Student Loans, How Do I Get A
Student Loan, How Do I Confirm the Status of my Student Loans, Why
Do I Owe Twice As Much As I Borrowed On My Student Loans, Pending
Changes Affecting Student Loans, Bankruptcy and Student Loans, Student Loans And Your Credit Report, Student Loans, Gifts.
