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Perkins Student Loan The
Federal Perkins Loan Program offers low-interest loans to help needy
students finance the costs of postsecondary education. Students can
receive Perkins loans at any one of approximately 1,800 participating
undergraduate institutions. Institutional financial aid administrators
at participating institutions have generous flexibility in determining
the amount of Perkins loans to award to students who are enrolled or
accepted for enrollment.
Financial requirement is
determined by the U.S. Department of Education, by using a standard
formula, established by U.S. Congress, to evaluate the financial
information reported by the candidate on the FAFSA. The information
from the FAFSA then decides the student's expected family contribution
(EFC). |