One Viable Option for College Loans Now Eliminated

Perkins Loans are no longer available.

A Federal Perkins Loan was once a nice addition to a financial aid award because of its relatively low-interest rate and a no interest feature whereby a student paid no interest on the loan while they were attending college full-time. However, this loan is no longer available. As of June 2018 colleges and universities can no longer make disbursements under the Federal Perkins Loan Program.