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  • Federal Student Aid Handbook, 2002-2003. Volume 5: Perkins Loans


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  • federal perkins student loans FAQ


    The school will either give you a check, do direct deposit, or a debit card with your refund on it. The school also controls when they give you the money. Some give out refunds right before school starts (my school sends them out 1 week before classes


    Financial aid goes directly from the school, but the problem with them giving you a check is that you can spend it anywhere, which you will because books are expensive in the bookstore. Thus the majority of colleges now take it out of your account at


    The amount of loans you can take out is not dependent on your EFC. They are dependent on your year in school and whether you are dependent or independent.
    As a dependent student you can borrow up to $5500.
    Where your EFC comes in to play


    The amount of loans you can take out is not dependent on your EFC. They are dependent on your year in school and whether you are dependent or independent.
    As a dependent student you can borrow up to $5500.
    Where your EFC comes in to play


    universities.atwebpages.com - it provides some tips about applying to US federal and state grants for college students.


    No. Bankruptcy will not prevent you from getting federal student loans. The student being default on a past student loan will.

    federal perkins student loans news

    Colleges Withhold Transcripts From Grads in Loan Default

    18.05.12

    More than ten years ago, Pedro Rodriguez, a talented keyboard musician, came from his colonial homeland of Puerto Rico to go to Temple University. From a low-income family, he depended heavily on student loans to finance his four-year undergraduate study. Graduating summa cum laude with a bachelor’s of music, he went on to earn a master’s degree in music from Temple and then was hired for three years to teach there as an adjunct. By the end of college, he was $62,000 in debt but was making payments regularly until Temple laid him off, allegedly because of budget cuts. That’s when his problems began. (Pedro Rodriguez is a pseudonym to protect his identity.)


    Source: The Nation.

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