which type of loan, perkins or direct?

Colleges & Universities A-Z University of California - Berkeley
1

<p>in my financial aid package, i have both Perkins loan and Subdized Direct loan.
which type of loan is better (regarding repayment, interest rate, etc.)?</p>

2

<p>Perkins is better. 5% interest rate, 9 month grace period after graduation (or dropping below half time), No origination fees.</p>

<p>Sub direct is the same as a Stafford (I think - it is at my Ds school anyway) so 6% interest rate, 6 month grace period, may (or may not depending on your school) have origination fees of 2-3% which means you do not get the full amount.</p>

<p>Both are good in that the government pays the interest until you graduate (or drop below required attendance) and that principal repayments are deferred until after the grace periods.</p>