Perkins loan vs subsidized Stafford

cptofthehouse
Thu, 26 Jun 2014 13:34:24 +0000

Take the Perkins. It’s very limited, and at some schools taking it puts in front of the line for subsequent years. The other thing is that the Perkins loans are not counted against the Direct Loans limits, so that if your student needs to take an extra year of college, for example, if he did not use up all of his Stafford allocation, it can be used then. There is no guarantee at any given year that a student gets Perkins loans as it is not an entitlement as Stafford Direct Loans are.