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Dept. of Edu. For Private School

The United States Department of Education student loans consist of the Perkins Loan, the Stafford Loan, and the AND loan for parents. Perkins loans have low rate of interest and payment for the loan can easily be up to 10 years. Aside from that, the payment duration for the loan would certainly start 6 months after college graduation. The issue though is that there are a few offered Perkins Loans to each school every year.

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