Federal Perkins Loans

Federal Perkins Loans can be issued to undergraduates and graduates. The student does not have to be enrolled at least half-time to qualify for this loan. There are allowable loan maximums depending on the student’s grade level in school. The amount a student may receive will depend on financial need, other aid received, and availability of funds at school. The lender for this loan is the school; therefore the student will repay the school.