mpp said:Perkins loans are typically better than unsubsidized Stafford loans since there is no interest while in school.
mpp said:It depends on what you think might happen to interest rates by the time you are out of school. Subsidized loans accrue interest when you are done with school. The Perkins Loan was thought thought to be a great deal when Stafford loans were at 7-8%, or worse in the days of no cap student loan interest rates were above 10%. Stafford loans are capped at 8.5% but the interest rate is variable and can change once each year. Perkins are fixed at 5%.
CarerraGT said:Is there anyway that I can request to have Perkins loans substitute for some part of my unsub stafford and take out more money with that then? currently they gave me only 30k and i was hoping to get about 35k/year (with as much non-accruing loans as possible).