Perkins loan vs subsidized Stafford

lorelaigirl
Thu, 26 Jun 2014 13:25:47 +0000

DS has been offered $3500 in Perkins and $4500 in stafford subsidized. I thought the Perkins was considered a “better” loan than the Stafford. But the Perkins interest rate is 5% and 4.66 for the Stafford. I know the grace period is 3 months longer for the Perkins. So are there advantages to the Perkins?

Thanks.