Medical student loans: The Perkins Loan

Of all medical student loans, the Perkins loan is the best deal. On the other hand, you have to qualify for it.


Some features:

• Perkins loan has an interest rate of 5%


• the loan have to be paid back within 10 years


• this loan has a grace period of 9 months


• this loan is subsidized


• the max limit that a graduate student (which would be yourself, since you are a medical student) is $60,000, however, this limit includes any undergraduate Perkins loan you may have


• The limit per year is $8,000


• You apply for it through FAFSA

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