Perkins loan vs subsidized Stafford

4kidsdad
Thu, 26 Jun 2014 14:01:03 +0000

I know the grace period is 3 months longer for the Perkins.

Interest does not accrue on the Perkins Loans during the grace period; and,

The U.S. Department of Education pays the interest on a Direct Subsidized Loan … for the first six months after you leave school (referred to as a grace period*)

However,

If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

Finally,

There are no loan fees for Perkins Loans.