<p>What is the benefit of stafford subsidized or a perkins loan. Daughter was offered each and only needs to borrow about $1000 a year. Any benefit to picking one over the other? Thanks in advance!</p>
<p>Stafford = 5.6% interest rate (for 2009-2010 year - going down next year). Up to 3% origination fee depending on the lender. Govt pays the interest until graduation or dropping below half time plus a 6 month grace period.</p>
<p>Perkins = 5% interest rate. No origination fee. Govt pays the interest until graduation or dropping below half time plus a 9 month grace period.</p>