Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Federal Perkins Loan shopping experience:
1. Compare - without doubt the biggest advantage that the Federal Perkins Loan offers shoppers today is the ability to compare thousands of Federal Perkins Loan at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.
2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about
3. Testimonials - don't know anybody that has bought a Federal Perkins Loan? Wrong! If the Federal Perkins Loan is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.
4. Questions - Got a question about Federal Perkins Loan then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....
5. Reputation - Never heard of the company selling Federal Perkins Loan? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Federal Perkins Loan and build up a picture of their reputation for sales, returns, customer service, delivery etc.
6. Returns - still worried that even after all of the above your Federal Perkins Loan wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.
7. Feedback - happy with your Federal Perkins Loan then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.
8. Security - check for the yellow padlock on the Federal Perkins Loan site before you buy, and the s after http:/ /i.e. https:// = a secure site
9. Contact - got a question about Federal Perkins Loan, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.
10. Payment - ready to pay for your Federal Perkins Loan, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.
A
Federal Perkins Loan, or
Perkins Loan, is a student financial aid#Need-based student loan offered by the United States Department of Education to assist
United States college#United_States_of_America students in funding their higher education. The program is named after
Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky.
Perkins Loans carry a fixed
interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program has a nine-month grace period, so that borrowers begin repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university. Because the Perkins Loan is subsidy by the government, interest does not begin to accrue until the borrower begins to repay the loan. The loan limits for undergraduates are $4,000 per year with a lifetime maximum loan of $20,000. For graduate students, the limit is $6,000 per year with a lifetime limit of $40,000 (including undergraduate loans).
Perkins Loans are eligible for
Federal Loan Cancellation for teachers in designated low-income schools, as well as for teachers in designated teacher shortage areas such as math, science, and bilingual education. A percentage of the loan is cancelled for each year spent teaching full-time.
The Perkins Loan program has been slated for elimination under President George W Bush FY 2007
United States budget process, describing the program as "redundant and duplicative, given the broad availability of need-based, subsidized, relatively low-interest loans through the two larger student loan programs (
Federal Family Education Loan Program and Federal Direct Student Loan Program)."
See also
External links
- U.S. Dept. of Education: The Student Guide 2004-2005: Federal Perkins Loans
- U.S. Dept. of Education: Federal Perkins Loan Teacher Cancellation
- U.S. Office of Management and Budget: Federal Perkins Loans Program Assessment
A
Federal Perkins Loan, or
Perkins Loan, is a
student financial aid#Need-based student loan offered by the United States Department of Education to assist United States college#United_States_of_America students in funding their
higher education. The program is named after
Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky.
Perkins Loans carry a fixed
interest rate of 5% for the duration of the ten-year repayment period. The Perkins Loan Program has a nine-month grace period, so that borrowers begin repayment in the tenth month upon graduating, falling below half-time status, or withdrawing from their college or university. Because the Perkins Loan is subsidy by the government, interest does not begin to accrue until the borrower begins to repay the loan. The loan limits for undergraduates are $4,000 per year with a lifetime maximum loan of $20,000. For graduate students, the limit is $6,000 per year with a lifetime limit of $40,000 (including undergraduate loans).
Perkins Loans are eligible for
Federal Loan Cancellation for teachers in designated low-income schools, as well as for teachers in designated teacher shortage areas such as math, science, and bilingual education. A percentage of the loan is cancelled for each year spent teaching full-time.
The Perkins Loan program has been slated for elimination under President
George W Bush FY 2007 United States budget process, describing the program as "redundant and duplicative, given the broad availability of need-based, subsidized, relatively low-interest loans through the two larger student loan programs (
Federal Family Education Loan Program and
Federal Direct Student Loan Program)."
See also
External links
- U.S. Dept. of Education: The Student Guide 2004-2005: Federal Perkins Loans
- U.S. Dept. of Education: Federal Perkins Loan Teacher Cancellation
- U.S. Office of Management and Budget: Federal Perkins Loans Program Assessment
