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- Federal_Perkins_Loan abstract "A Federal Perkins Loan, or Perkins Loan, is a need-based student loan offered by the U.S. Department of Education to assist American college students in funding their post-secondary education. The program is named after Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky. Perkins Loans carry a fixed interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program has a nine-month grace period, so that borrowers begin repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university. Because the Perkins Loan is subsidized by the government, interest does not begin to accrue until the borrower begins to repay the loan. As of the 2009-2010 academic year, the loan limits for undergraduates are $5,500 per year with a lifetime maximum loan of $27,500. For graduate students, the limit is $8,000 per year with a lifetime limit of $60,000 (including undergraduate loans).Perkins Loans are eligible for Federal Loan Cancellation for individuals choosing to work in a number of different public service occupations including early childhood education, elementary and secondary school teaching, speech therapy, nursing, law enforcement, librarian, public defense attorney, fire fighting and certain active duty military postings. Depending on the field of employment, further restrictions on the setting of employment may apply. For example, forgiveness for teachers may be restricted to designated low-income schools or specific teacher shortage areas such as math, science, and bilingual education and forgiveness for nurses requires employment at a non-profit medical facility. A percentage of the loan is cancelled for each year spent teaching full-time(as long as the loan remains in good standing). This cancellation also applies to Peace Corps Volunteers. Cancellation typically occurs on a graduating scale: 15% for year 1, 15% for year 2, 20% for year 3, 20% for year 4, 30% for year 5. These percentages are based on the original debt amount. Thus after 3 years of service, one would have 50% of their original debt cancelled.".
- Federal_Perkins_Loan wikiPageExternalLink cancelperk.jsp?tab=repaying.
- Federal_Perkins_Loan wikiPageExternalLink perkins.
- Federal_Perkins_Loan wikiPageExternalLink 10001034.2003.html.
- Federal_Perkins_Loan wikiPageID "4564163".
- Federal_Perkins_Loan wikiPageLength "3301".
- Federal_Perkins_Loan wikiPageOutDegree "17".
- Federal_Perkins_Loan wikiPageRevisionID "699891721".
- Federal_Perkins_Loan wikiPageWikiLink Carl_D._Perkins.
- Federal_Perkins_Loan wikiPageWikiLink Category:Education_finance_in_the_United_States.
- Federal_Perkins_Loan wikiPageWikiLink Category:Loans.
- Federal_Perkins_Loan wikiPageWikiLink Category:Student_financial_aid.
- Federal_Perkins_Loan wikiPageWikiLink College.
- Federal_Perkins_Loan wikiPageWikiLink Higher_education.
- Federal_Perkins_Loan wikiPageWikiLink Interest_rate.
- Federal_Perkins_Loan wikiPageWikiLink Kentucky.
- Federal_Perkins_Loan wikiPageWikiLink Public_Service_Loan_Forgiveness_(PSLF).
- Federal_Perkins_Loan wikiPageWikiLink Stafford_Loan.
- Federal_Perkins_Loan wikiPageWikiLink Student_financial_aid_in_the_United_States.
- Federal_Perkins_Loan wikiPageWikiLink Student_loan.
- Federal_Perkins_Loan wikiPageWikiLink Student_loans_in_the_United_States.
- Federal_Perkins_Loan wikiPageWikiLink Subsidy.
- Federal_Perkins_Loan wikiPageWikiLink United_States.
- Federal_Perkins_Loan wikiPageWikiLink United_States_Department_of_Education.
- Federal_Perkins_Loan wikiPageWikiLink United_States_House_of_Representatives.
- Federal_Perkins_Loan wikiPageWikiLinkText "Federal Perkins Loan".
- Federal_Perkins_Loan wikiPageWikiLinkText "Perkins Loan".
- Federal_Perkins_Loan wikiPageWikiLinkText "Perkins".
- Federal_Perkins_Loan wikiPageUsesTemplate Template:Reflist.
- Federal_Perkins_Loan wikiPageUsesTemplate Template:US_student_loans.
- Federal_Perkins_Loan subject Category:Education_finance_in_the_United_States.
- Federal_Perkins_Loan subject Category:Loans.
- Federal_Perkins_Loan subject Category:Student_financial_aid.
- Federal_Perkins_Loan hypernym Loan.
- Federal_Perkins_Loan type Redirect.
- Federal_Perkins_Loan type Student.
- Federal_Perkins_Loan comment "A Federal Perkins Loan, or Perkins Loan, is a need-based student loan offered by the U.S. Department of Education to assist American college students in funding their post-secondary education. The program is named after Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky. Perkins Loans carry a fixed interest rate of 5% for the duration of the ten-year repayment period.".
- Federal_Perkins_Loan label "Federal Perkins Loan".
- Federal_Perkins_Loan sameAs Q5440328.
- Federal_Perkins_Loan sameAs m.0c92zk.
- Federal_Perkins_Loan sameAs Q5440328.
- Federal_Perkins_Loan wasDerivedFrom Federal_Perkins_Loan?oldid=699891721.
- Federal_Perkins_Loan isPrimaryTopicOf Federal_Perkins_Loan.