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By Ken Clark, About.com Guide to Saving for College

The "Perks" of Perkins Loans

Tuesday March 18, 2008
It doesn't get any better than Perkins Loans when it comes to cheap money for college. They're widely considered to be the most favorable type of loan a student can receive.

Check out these benefits:

  • 5.00% Subsidized Interest Rate
  • 9-Month Grace Period
  • Loan "Forgiveness" Programs for Certain Professions

Interested? So is everyone else...

Due to their high demand, Perkins Loans are reserved for students showing the most exceptional need. To find out more about Perkins Loans and other federal programs, visit the Financial Aid section of this guide.

To get updates about these loans, as well as other saving and planning topics relevant to college, sign up for my weekly newsletter.

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