In a nutshell, the answer is no, student loans are debt, and do not count as income. Fellowships and other forms of financial grants, however, may be counted as income, depending on how the funds are spent. And loans that are forgiven have counted as income. Do Stafford loans qualify for forgiveness? If your Stafford, …
You can also call the Federal Student Aid Information Center, 1-800-4-FED-AID, TDD 1-800-730-8913. The Center’s counselors can help you figure out what types of loans you have. Federal loan promissory notes and applications will state the name of the federal loan program (Stafford, PLUS, Perkins, FFEL, William D. How do I know what student loan …
a Stafford Loan? A Perkins loan was a federal student loan with low interest available to undergraduate and graduate students who demonstrated financial need. The government no longer offers Perkins loans, unlike federal direct subsidized and unsubsidized loans, called Stafford loans. What loans are considered Perkins loans? A Perkins loan is a type of federal …
