In the case of Perkins Loans, your servicer will be the school that made the loan.

Perkins Loans carry a fixed interest rate of 5% for the duration of the ten-year repayment period.

Perkins Loans are eligible for additional cancellation benefits, such as performing certain kinds of public service.

Perkins Loans have a grace period of 6-9 months.

Interest does not accrue when a Perkins Loan is placed in deferment.

Perkins Loans generally have a lower interest rate but have a less flexible repayment period of 10 years.

Perkins Loans are made through a school's financial aid office.

Today, Perkins Loans are given to well over half a million low-income students nationwide.

But the president's budget does not increase grants nearly enough to compensate for the loss of Perkins Loans, educators say.

Perkins Loans for the most needy undergraduates; through participating schools.