What types of need-based loans are available?
Federal Perkins Loans: Loans of up to $1,500 per year are offered to students who demonstrate the highest need under federal methodology. Perkins Loans have a fixed interest rate of 5%. There are no origination or insurance fees, and no interest accrues during enrollment or in periods of deferment. Repayment starts nine months after you cease attending college at least half-time.
