Federal Perkins Loans

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Student Loan
gptkbp:administeredBy gptkb:U.S._Department_of_Education
gptkbp:award no interest accrues while student is in school at least half-time
gptkbp:cancellationOptions certain public service jobs
gptkbp:createdBy gptkb:Higher_Education_Act_of_1965
gptkbp:discontinued 2017
gptkbp:eligibility U.S. citizens or eligible non-citizens
demonstrated exceptional financial need
gptkbp:filingMethod 10 years
gptkbp:gracePeriod 9 months after graduation, leaving school, or dropping below half-time enrollment
https://www.w3.org/2000/01/rdf-schema#label Federal Perkins Loans
gptkbp:mainInterest 5%
gptkbp:maximumAnnualLoanAmount $5,500 for undergraduates
$8,000 for graduate students
gptkbp:maximumTotalLoanAmount $27,500 for undergraduates
$60,000 for graduate students
gptkbp:namedAfter gptkb:Carl_D._Perkins
gptkbp:offeredBy participating colleges and universities
gptkbp:purpose provide low-interest loans to undergraduate and graduate students with exceptional financial need
gptkbp:repaymentStart after grace period ends
gptkbp:targetUser Student Loan
gptkbp:bfsParent gptkb:Direct_Consolidation_Loans
gptkbp:bfsLayer 7