The payment period may be extended for up to ten years. Interest is not charged until the repayment period begins. The following schedule is a sample of monthly repayments. Your repayment schedule will be different. The Federal Perkins Loan Program offers cancellation provisions to various borrowers.
Restrictions apply to all the following categories.
The Federal Subsidized Direct Loan is a long-term loan made by the Federal Government. The loans are guaranteed by the State of California or other guarantee agencies and reinsured by the federal government. The federal government pays the interest on the loan while the borrower is in school. Six months after at least half-time enrollment ends, repayment of the loan begins. One must be enrolled at least half-time in order to be eligible for this loan.