Glossary
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- Federal Perkins Loan
- A need-based; university administered federal loan with a 5% interest rate. The government pays the interest while the student is enrolled at least half time. Repayment begins nine months after graduation, withdrawal or attendance drops below at least half-time enrollment. The loan is made available to full-time undergraduates, post baccalaureate and graduate students with high financial need. Payments and the length of the repayment period depend on the size of the loan with up to 10 years to repay. The OSU Business Affairs Student Loan Office handles repayment, deferment and cancellation options
