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Mortgages & Loans

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  4. College financial aid process - what is a Federal Perkins loan ?

College financial aid process - what is a Federal Perkins loan ?

The Federal Perkins loan are low interest federal funded loans for undergraduate and graduate students. The loans are available on a limited basis to students with very high financial need. 9 months after graduation or leaving school the interest and principal repayment commences. The repayment term is up to ten years with a $40 minimum payment due.

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