Federal Perkins Loans

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:Company
gptkbp:bfsLayer 5
gptkbp:bfsParent gptkb:TEACH_Grants
gptkbp:amended_by annual reapplication required
gptkbp:application gptkb:FAFSA
gptkbp:appointed_by gptkb:U._S._Department_of_Education
gptkbp:atm interest accrues during repayment
gptkbp:cancellation_reason teaching in low-income schools
certain professions qualify for cancellation
gptkbp:closing_date varies by school
gptkbp:consequences loss of eligibility for federal aid
gptkbp:contact contact school for servicing information
gptkbp:convicted_of discharge available under certain conditions
gptkbp:criteria school verifies eligibility
gptkbp:disbandment_date varies by academic year
typically disbursed per semester
gptkbp:duration up to 5 years for undergraduate study
gptkbp:economic_impact can affect credit score if defaulted
may affect future borrowing capacity
gptkbp:effective_date 9 months after graduation
gptkbp:financial_performance borrowers must receive counseling
eligible for consolidation with other federal loans
gptkbp:growth_rate fixed interest rate
gptkbp:historical_context discontinued in 2017
https://www.w3.org/2000/01/rdf-schema#label Federal Perkins Loans
gptkbp:in-game_currency 5%
gptkbp:is_designed_to varies by institution
gptkbp:market_cap $27,500 for undergraduate students
gptkbp:moral public service employment
gptkbp:payment_methods 9 months
9 months after leaving school
after grace period ends
standard, graduated, income-driven
direct disbursement to the school
available for certain careers
available for certain professions.
interest may be paid while in school
managed by school or third-party servicer
online, mail, or in-person payments
options available for defaulted loans
gptkbp:premise failure to make payments for 270 days
gptkbp:receives_funding_from gptkb:government_agency
subject to federal budget appropriations
gptkbp:responsible_for repay loan according to terms
gptkbp:scholarships $5,500 per year
considered in total financial aid package
deferment and forbearance options
requires promissory note
school or designated servicer
gptkbp:student_enrollment financial need
limited to $8,000 per year for graduate students
gptkbp:supports available through school financial aid office
gptkbp:target_audience low-income students
gptkbp:transfer_fee not transferable to another borrower
gptkbp:type_of subsidized loan