Federal Perkins Loan
E572501
A Federal Perkins Loan is a former U.S. federal student loan program that provided low-interest, campus-based loans to undergraduate and graduate students with exceptional financial need.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal student aid program
ⓘ
student loan program ⓘ |
| administeredBy | U.S. Department of Education NERFINISHED ⓘ |
| authorizedBy | Higher Education Act of 1965 NERFINISHED ⓘ |
| collectionMethods | may be assigned to U.S. Department of Education for collection ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdForPurpose | to assist students with exceptional financial need ⓘ |
| defaultConsequence |
loss of deferment and cancellation benefits
ⓘ
negative credit reporting ⓘ |
| defermentOptions |
economic hardship deferment
ⓘ
in-school deferment ⓘ unemployment deferment ⓘ |
| disbursementMethod | through participating schools ⓘ |
| distinguishedFrom |
Direct Subsidized Loan
NERFINISHED
ⓘ
Direct Unsubsidized Loan NERFINISHED ⓘ Federal PLUS Loan NERFINISHED ⓘ |
| eligibilityCriterion | exceptional financial need ⓘ |
| forgivenessOptions |
cancellation for certain Head Start or early childhood education service
ⓘ
cancellation for certain law enforcement or corrections service ⓘ cancellation for certain military service ⓘ cancellation for certain nursing or medical technician service ⓘ cancellation for certain volunteer service such as Peace Corps ⓘ cancellation for service in low-income schools ⓘ public service cancellation in certain fields ⓘ teacher loan cancellation ⓘ |
| formerlyKnownAs |
National Defense Student Loan
NERFINISHED
ⓘ
National Direct Student Loan NERFINISHED ⓘ |
| fundingSource |
federal government
ⓘ
participating institutions ⓘ |
| gracePeriod | 9 months after leaving school or dropping below half-time ⓘ |
| interestAccrual | no interest charged while student is in school at least half-time ⓘ |
| interestRate | 5 percent fixed ⓘ |
| interestType | fixed interest loan ⓘ |
| lastDisbursementDate | June 30, 2018 ⓘ |
| loanType | campus-based loan ⓘ |
| maximumAggregateAmountGraduate | $60,000 including undergraduate Perkins ⓘ |
| maximumAggregateAmountUndergraduate | $27,500 ⓘ |
| maximumAnnualAmountGraduate | $8,000 ⓘ |
| maximumAnnualAmountUndergraduate | $5,500 ⓘ |
| needBased | true ⓘ |
| programEndDate | September 30, 2017 ⓘ |
| programStructure | revolving loan fund at participating institutions ⓘ |
| repaidTo | school or school’s servicer ⓘ |
| repaymentResponsibility | school-based billing and collection ⓘ |
| repaymentStatus | existing loans still repayable ⓘ |
| status | discontinued ⓘ |
| subsidized | true ⓘ |
| targetPopulation |
graduate students
ⓘ
undergraduate students ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.