WebTo figure out what type of federal loan you have, look at the promissory note and application, or log into your account on studentaid.gov. You can also look at the top of your monthly bill – the name of the program should be listed there. If your interest rate is above 8.5% you may have a private loan rather than a federal loan. WebOct 27, 2024 · If any of your loans have the word “Perkins” in the title, then it’s a Perkins loan. Other types of Perkins loans went by names including National Direct Student Loan …
Perkins Loan Cancellation - Who Qualifies & How To Apply
WebSep 30, 2024 · You need to log in to studentaid.gov and check if you have any Perkins loans there. They have different servicing companies than Direct/FFELP loans, such as … WebNov 22, 2024 · You can find a list of student loan servicers for loans owned by the Department of Education online. The servicer is the company you send your monthly payment to. If you do not know who your servicer is or how to contact them, contact the Department of Education through StudentAid.gov or call 800-433-3243. csudh fee waiver
How to Repay a Perkins Loan - Investopedia
WebKnow Your Rights Merrimack’s former director of financial aid, Christine Mordach, pleaded guilty on March 24, 2015, to fraud related to her administration of Merrimack’s Perkins Loan Program during the years 1998-2007.In August 2015, Ms. Mordach began a prison term and was ordered to pay $1.5 million in restitution to the victims of her fraud.The WebApr 7, 2024 · 20 percent of the original loan amount for each of the third and fourth years. 30 percent of the original loan amount for the fifth year. Note that Perkins Loan cancellation is not taxable, so you ... WebOct 3, 2024 · Dependent undergrads, for example, may only borrow between $5,500 and $12,500 per year with Direct Subsidized and Unsubsidized Loans depending on your year in school and dependency status. 24 Compare these student loan limits to the $29,000 average college bill for a four-year undergraduate degree. early settler clocks