Federal Perkins Loan

Who Is Eligible?: Undergraduates

Amount: "limits $4,000 annually to Undergraduates and $6,000 per year for graduate students"

Credit Check?: no

Interest Rate: fixed 5%

Repayment: 9 months after graduation or dropping to less than half-time

Contact: Federal Student Aid Information Center 1-800-4-FED-AID (1-800-433-3243) or 1-319-337-5665. TTY line at 1-800-730-8913 www..fafsa.ed.gov