Perkins Loans

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf gptkb:Federal_student_loan_program
gptkbp:administeredBy gptkb:U.S._Department_of_Education
gptkbp:award No interest accrues while student is in school
gptkbp:disbursementEnded September 30, 2017
gptkbp:eligibility Undergraduate students
Graduate students
gptkbp:filingMethod 10 years
gptkbp:forgivenessOptions Certain public service jobs
gptkbp:fundedBy Federal government and participating schools
https://www.w3.org/2000/01/rdf-schema#label Perkins Loans
gptkbp:loanServicer School or school’s agent
gptkbp:mainInterest 5%
gptkbp:maximumGraduateAggregate $60,000
gptkbp:maximumGraduateLoan $8,000 per year
gptkbp:maximumUndergraduateAggregate $27,500
gptkbp:maximumUndergraduateLoan $5,500 per year
gptkbp:namedAfter gptkb:Carl_D._Perkins
gptkbp:purpose Provide low-interest loans to students with exceptional financial need
gptkbp:repaymentGracePeriod 9 months after graduation, leaving school, or dropping below half-time enrollment
gptkbp:repaymentStartDate After grace period ends
gptkbp:status No new loans after 2017
gptkbp:bfsParent gptkb:Direct_Consolidation_Loan
gptkb:Graduated_Repayment_Plan
gptkb:Extended_Repayment_Plan
gptkbp:bfsLayer 6