These are subsidized loans, meaning the government pays the interest that accrues on the loan for as long as a students remains in school as well as the 9 month grace period.Under graduate students are limited to loans of ,000 per year, with a lifetime limit of ,000.If you have private student loans, Wells Fargo can give you options for combining or refinancing your loans.
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Loan funds are limited and the earlier you respond the better your chances of getting the loan you need.
During the final weeks of your college term your school will contact you and provide loan repayment details relative to your Perkins Loan.
A significant benefit of the Federal Perkins Loan program is the Cancellation or Deferment Option for Teachers.
Students who agree to take up full time teaching positions in low-income public school districts, or take positions teaching in certain subject areas may be eligible for cancellation or deferment of all or part of your Perkins loan.
For the college bound student looking for financial aid, qualifying for a grant is ideal.
But, not all grants will cover the entirety of your tuition costs.
Check with your college for more information regarding any deferment or loan forgiveness programs for which you may be eligible.
Private student loans are financed through a non-government lender, such as a bank.
Graduate students are allowed an increased limit of ,000 per annum, with a ,000 lifetime limit.
While many students qualify for the Federal Perkins Loan, not all colleges and universities participate in the program.
If you have one or more student loans, you have payments to make. Fortunately, there’s a way to refinance your single loan, or turn multiple loans into one loan, and perhaps lower your monthly payment in the process. There are two types of student loans: federal and private. You can learn more about consolidating federal loans at