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ozzi
3 years ago
11

List two similarities and one difference between the Direct Stafford Loan and The Perkins Loan.

English
1 answer:
Gnom [1K]3 years ago
7 0

Answer: The two similarities: Are offered by the U.S. Department of Education to borrowers who have demonstrated sufficient financial need (note that Direct Unsubsidized loans don't require financial need; Direct Subsidized Loans do).

Are administered through the financial aid offices of institutions that participate in the federal student loan program.

One Difference: Perkins loans are available only to students with significant financial need, as determined by their answers to the FAFSA and their school's guidelines. Direct Subsidized Loans also require demonstrated need, but a wider range of incomes can qualify.  All three types of loans are open to qualified undergraduates; graduate students can only get Perkins Loans or Direct Unsubsidized Loans.

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