glossary-education

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from - [|UNT Student Financial Aid and Scholarships]
 * Pell Grant** The Pell grant is a federal grant that provides funds based on the student's financial need.
 * Perkins Loan** Formerly the National Direct Student Loan Program, the Perkins Loan allows students to borrow up to $4,000/year for undergraduate school and $6,000/year for graduate school. The Perkins Loan has one of the lowest interest rates and is awarded to students with exceptional financial need. The student must have applied for a Pell Grant to be eligible. The interest on the Perkins Loan is subsidized while the student is in school. At UNT, graduate students are given first priority for Perkins funding.