Federal Perkins loans have deferred interest while in school. There is no credit check, and they have a 5% interest rate. They are due 9 months after you graduate or when you drop to less than half time.

There are two types of Stafford Loans, subsidized and in subsidized. I would recommend the subsidized as the interest is deferred. The subsidized is need based, and the unsubsidized is not. These are due six months after graduation.

Please keep in mind, though, that most financial aid, other than loans, has already been awarded. You need to make sure and have your financial paperwork (FAFSA and in-house application if applicable) completed and turned in by the school’s priority/on-time deadline.

You should talk to a financial aid officer at your school to get more information on what you could qualify for at this time. Good luck!