May 18, 2007

Do Perkins Loans need to be re-paid?

Posted in Grants, Scholarships, The Financial Aid Process at 3:13 PM by Joe From Boston


Here’s a question I’ve heard a lot recently:

Do Perkins loans have to be repaid?

And the answer is an overwhelming YES!  It’s a loan therefore it must be repaid.   The Perkins loan is a low-interest rate loan for undergraduate and graduate students which exceptional need.  Most people will not get a Perkins loan.

All loans must be repaid – you are borrowing money from someone else (in the case of Perkins loans, you borrower from the U.S. government) and must pay it back.  That is why I highly recommend you find as many grants and scholarships as you can.  Grants and scholarships are free money and do not need to be repaid.

Advertisements

4 Comments »

  1. Bobbie said,

    There are fine materials manipulated into gorgeous accessories that can
    take on different forms as they are combined with different outfits and situations.
    If the wrist watch is somewhat unique, expect that you have to pay
    a big amount of money for it. o Band: A metal bracelet,
    leather strap, or even a rubber band.

  2. I nearly forgot – don’t forget about scholarships and grants! Most graduate students give up on scholarships, but they are your best option as they don’t need to be paid back! Take a look at http://www.studentscholarshipsearch.com/ to do a free search for scholarships.

  3. Hi Joesphine, I’m not a lender so I can’t lend you the money, but there are lots of options for graduate programs. You may be qualified for a graduate PLUS loan, deoending on your graduate program. Visit http://www.gradloans.com/graduate-plus-loan/ to learn more. A FAFSA is required to get this loan, but the PLUS loans are not credit-based which could be helpful.

    Another option is a private loan. These are credit-based loans with variable interest rates. You can learn more at http://www.acteducationloans.com/graduate_loans/

    Good luck!

  4. Josephine Broxton said,

    I would like to borrow $1500.00 to retake a graduate course. Can you help?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: