Students with multiple federal loans are increasingly concerned about how they will meet repayment obligations after graduation.
Subsidized and unsubsidized Federal Direct loans are eligible for all income-driven repayment plans such as IBR, PAYE, REPAYE, and ICR.
Perkins Loans fill gaps left after other financial aid is expended.
Funding is limited, so your best bets for securing a loan are to file early, and meet federal financial aid eligibility requirements.
Over the course of a student’s post-secondary education, he or she may enter into multiple loan arrangements, with private lenders, as well as the Department of Education.
Perkins borrowers may have multiple outstanding loans, but many students also carry federal Stafford Loans, and others issued through the Direct Loan Program.