Quote:
Originally posted by texas*princess
Maybe this depends on how the Perkins Loan works... but since "loans" have to be paid back, and grants do not, how would this save the country money? 
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http://www.ed.gov/prog_info/SFA/Stud...2/perkins.html
Perkins Loans are done through the school, but the government pays the interest on Perkins Loans while the student is in school. Also, once someone starts repaying loans, their interest rate is way lower than it is for most traditional loan programs.
So, I can see how giving out these loans--which are considered among the best to receive--could be a burden on the government.