If you are planning on taking out a loan, a Perkins loan is by far the best choice.
- Lower interest rate (5%)
- Longer deferment period upon leaving college (9 months)
- Cancellation privileges for those in the following fields:
Those with an Education Degree must teach in a designated low income school in order to be eligible for this cancellation privilege. The following link will help you determine if the school you are teaching at, or wish to teach at qualifies.
