<p>maybe very stupid question, but what are Perkins loans? are they better than others? and why?</p>
<p>Perkins loans are subsidized loans meaning the govt pays the interest until you graduate or drop below half time. Currently they are the best student federal loan as the interest rate is 5% (lower that the 5.6% for subsidized Stafford loans for 2009-2010, though subsidized Stafford rates will drop below 5% for loans disbursed in the 2010-2011 school year).Also they do not have a origination fee which means you get the full amount of the loan.</p>
<p>However they are one of the more difficult loans to get as they have very limited funding.</p>
<p>^Thank you very much!</p>