Thoughtful handsome businessman working in his office
With college tuition and other costs rising so rapidly, it’s no surprise that the average student loan debt is also at an all-time high. Unfortunately, very few students are able to attend college and receive a degree without some form of financial assistance. Those who are able to receive scholarships and grants are well aware that they seldom cover the full cost of tuition.
Every parent that has a brand new baby is a target for very aggressive new parent marketing. Free diapers, discounted formula, baby clubs, $1 life insurance policies, and college savings programsare all a part of this direct marketing on how to pay for college.
College savings programs are something that few parents concentrate on in the very beginning of their child’s new life. Worrying about how to pay for college is pretty far from a new parent’s sleep deprived mind.
Considering that children born in today’s world can expect to pay around $100,000 for an undergraduate degree, college savings programs seems like a very smart move.
What Is a Perkins Loan and How Do I Get A Perkins Loan?
We hear the question, what is a Perkins loan quite frequently. Basically, it is a federally funded loan by the Department of Education, with the money going directly to participating colleges. It can be used for undergraduate as well as graduate level studies.
All of the above is based on information submitted on the FAFSA application. Any student interested in applying for a Perkins loan needs to be aware that there is generally a limited amount of funding available.
Most of each college’s allocation of these monies is granted to students during the summer term. Exceptions are made, but it will be on a case by case basis. So if you have an interest, please apply very early.
Our firm provides the information in this website for general guidance only, and it does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with a competent professional tax, accounting, legal, or other professional advisers. For information on how to use this data, you are advised to read our Legal Disclaimer page and our Circular 230 page.
All original content on these pages is fingerprinted and certified by Digiprove
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.