Low-interest (5% percent) federal
loans awarded to undergraduate and
graduate students with exceptional financial need.
You can borrow up to $5,500 for
each year of undergraduate study;
$8,000 for each year of graduate
or professional study.
The total amount you can borrow
as an undergraduate is $27,500 after
you complete two years of undergraduate
study; $60,000 for graduate and
professional.
The loan does not charge origination
fees. Your school becomes the lender
using funds shared by the federal
government. You must repay this
loan to your school.
www.ed.gov/prog_info/.../perkins.html
The most common form of self-help
aid. These are loans made to students
(Stafford loans) and parents and graduates (PLUS
loans) from banks, credit unions
and other lenders that participate
in the FFELP program.
These loans are insured by the federal
government that allow lenders to
lend money at lower-than-normal
rates. Most schools participate
in FFELP.
Stafford
Loans | Grad PLUS
Loans | Parent PLUS
Exactly like the FFELP program above,
except the loans are funded through
the schools by the federal government
directly (not by the banks).
Some schools participate in FDSLP.
You need to check with your school's
financial aid office to determine
whether they participate in FDSLP
or FFELP.
Stafford
Loans | Grad PLUS
Loans | Parent PLUS
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