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Federal Perkins LoanFederal Perkins loan, this is a loan that is offered by colleges, you can check with your college financial aid office if they offer this loan. For this loan there is a 5% interest which is fixed for the life of the loan. If your college financial aid office has let you know that you will receive this loan it can vary in amount.For an undergraduate student, you will be able to receive an amount ranging from 4000 to 20,000 dollars. For a graduate student it ranges from 6000 dollars to 40,000. While in college you do not pay interest, you will only pay interest 9 months after you have left college. |