Naruto Evolution

Perkins loan qualification requirements
Enrollment in an eligible school at least half-time in a degree program
U.S. citizenship, permanent residency, or eligible non-citizen status

Satisfactory academic progress
No unresolved defaults or overpayments owed on Title IV education loans and grants

Satisfaction of all Selective Service requirements
The U.S. Department of Education provides a programmed amount of funding to the school. In turn, the school determines which students have the greatest need. The school combines federal funds with some of its own funds for loans to qualifying students.

To apply for the Federal Perkins loan, you must submit the Free Application for Federal Student Aid (FAFSA).

Your school will pay you directly (usually by check) or apply your loan to your school charges. You'll receive the loan in at least two payments during the academic year.

Federal Perkins loans share many of the characteristics of subsidized Stafford loans. The most notable differences are no fees and a longer grace period.
(more info: http://www.salliemae.com)