Other Federal Aid
nPerkins Loans
nNeed based loan
nNo credit check
n5% interest rate
nUp to $5500 annually
nEach school awards it from limited funds
n
nDirect Loans
nNo Credit Check, just file FAFSA
nFurther detail on later slide
n
nWork Study
nDoes not apply to the bill, has to be earned
nAwarded based on need
nJob is supposed to work around school schedule