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Perkins Loans

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The Choice Blog: What if the U.S. Tied Colleges' Financial Aid Resources to Affordability?
New York Times  Jan 27  Comment 
President Obama seeks to tie a college-administered, federally-financed student aid program to efforts to cut college costs.




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Perkins loans are low interest loans given to both graduate and undergraduate students. The loan is made by the federal government and then paid by your school. Students must pay back the school beginning nine months after graduation. Undergraduates can borrow up to $4,000 per year up to $20,000 and graduate students can borrow up to $6,000 per year with a maximum amount of $40,000.[1]cash loans

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