Mike Davies
January 2017

Federal Perkins Loan

Federal Perkins Loan has a fixed 5-percent interest rate that does not change during the 10-year repayment schedule. Similar to other loans, there is a grace period after no longer being enrolled at least half-time, but it is longer than most: nine months instead of six. Students that apply for the Perkins Loan are eligible to receive a maximum of $60,000 if they attend graduate school, and $27,500 if they do not.

Options are available to help

Most people do not realize that there are programs designed to help those who may be struggling with their student loan payments. Thousands of borrowers have trusted Ameritech Financial to be their advocate. Click here to find out what options are available. Our services could help you get back on track.

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Mike Davies

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