Federal Perkins Loan

E572501

A Federal Perkins Loan is a former U.S. federal student loan program that provided low-interest, campus-based loans to undergraduate and graduate students with exceptional financial need.

All labels observed (3)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal student aid program ⓘ
student loan program ⓘ
administeredBy U.S. Department of Education ⓘ
authorizedBy Higher Education Act of 1965 ⓘ
collectionMethods may be assigned to U.S. Department of Education for collection ⓘ
country United States ⓘ
createdForPurpose to assist students with exceptional financial need ⓘ
defaultConsequence loss of deferment and cancellation benefits ⓘ
negative credit reporting ⓘ
defermentOptions economic hardship deferment ⓘ
in-school deferment ⓘ
unemployment deferment ⓘ
disbursementMethod through participating schools ⓘ
distinguishedFrom Direct Subsidized Loan ⓘ
Direct Unsubsidized Loan ⓘ
Federal PLUS Loan ⓘ
linked to: PLUS Loan
eligibilityCriterion exceptional financial need ⓘ
forgivenessOptions cancellation for certain Head Start or early childhood education service ⓘ
cancellation for certain law enforcement or corrections service ⓘ
cancellation for certain military service ⓘ
cancellation for certain nursing or medical technician service ⓘ
cancellation for certain volunteer service such as Peace Corps ⓘ
cancellation for service in low-income schools ⓘ
public service cancellation in certain fields ⓘ
teacher loan cancellation ⓘ
formerlyKnownAs National Defense Student Loan ⓘ
National Direct Student Loan ⓘ
fundingSource federal government ⓘ
participating institutions ⓘ
gracePeriod 9 months after leaving school or dropping below half-time ⓘ
interestAccrual no interest charged while student is in school at least half-time ⓘ
interestRate 5 percent fixed ⓘ
interestType fixed interest loan ⓘ
lastDisbursementDate June 30, 2018 ⓘ
loanType campus-based loan ⓘ
maximumAggregateAmountGraduate $60,000 including undergraduate Perkins ⓘ
maximumAggregateAmountUndergraduate $27,500 ⓘ
maximumAnnualAmountGraduate $8,000 ⓘ
maximumAnnualAmountUndergraduate $5,500 ⓘ
needBased true ⓘ
programEndDate September 30, 2017 ⓘ
programStructure revolving loan fund at participating institutions ⓘ
repaidTo school or school’s servicer ⓘ
repaymentResponsibility school-based billing and collection ⓘ
repaymentStatus existing loans still repayable ⓘ
status discontinued ⓘ
subsidized true ⓘ
targetPopulation graduate students ⓘ
undergraduate students ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Direct Consolidation Loan → eligibleLoanType → Federal Perkins Loan ⓘ
FFELP → loanCategory → Federal Perkins Loans ⓘ
linked to: Federal Perkins Loan
Federal Perkins Loan → formerlyKnownAs → National Direct Student Loan ⓘ
linked to: Federal Perkins Loan