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Scholarships & Aid
Federal, Perkins Loan
Source: Federal, administered by school.
Eligibility: Demonstrated financial need.
Maximum Allocation: $6,000/year, with aggregate of
$40,000. Aggregate amount includes undergraduate loans.
Repayment and Deferral Options: Ten years to repay.
Begin repayment 9 months after graduation. For medical
students, can be deferred for 2 years during residency.
Interest Rate: Fixed, 5%.
Pros: Low interest rate.
Cons: Low maximum allocation; primarily restricted
to first- and second-year students.
Contact: Contact school for more information.
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