▁professional ▁students ▁en rolled ▁in ▁certain ▁health ▁profession ▁programs ▁may ▁receive ▁additional ▁Direct ▁Un sub s id ized ▁Lo an ▁amounts ▁each ▁academic ▁year . ▁These ▁federal ▁lo ans , ▁although ▁un sub s id ized , ▁are ▁far ▁superior ▁in ▁interest ▁rate ▁and ▁rep ay ment ▁terms ▁to ▁private ▁student ▁lo ans . ▁ ▁Federal ▁Per kins ▁Lo an ▁( Per kins ▁Lo an ) ▁Program : ▁This ▁is ▁a ▁school - based ▁loan ▁program ▁for ▁el ig ible ▁students ▁with ▁exception al ▁financial ▁need . ▁Stud ents ▁may ▁qual ify ▁for ▁a ▁Per kins ▁Lo an ▁of ▁up ▁to ▁$ 8 , 0 0 0 ▁each ▁year ▁depending ▁on ▁financial ▁need , ▁the ▁amount ▁of ▁other ▁aid ▁received , ▁and ▁the ▁avail ability ▁of ▁funds ▁at ▁the ▁school . ▁Each ▁college ▁has ▁a ▁set ▁amount ▁of ▁Per kins ▁Lo ans ▁for ▁its ▁students ; ▁there ▁has ▁been ▁controvers y ▁over ▁the ▁formula ▁that ▁is ▁used ▁to ▁app ort ion ▁the ▁lo ans ▁to ▁colleg es . ▁ ▁Te acher ▁Education ▁Ass istance ▁for ▁College ▁and ▁High er ▁Education ▁( TE AC H ) ▁Grant : ▁The ▁TE AC H ▁Grant ▁Program ▁provides ▁gr ants ▁of ▁up ▁to ▁$ 4 , 0 0 0 ▁a ▁year ▁to ▁students ▁who ▁are ▁comple ting ▁or ▁plan ▁to ▁complete ▁course work ▁needed ▁to ▁begin ▁a ▁career ▁in ▁teaching . ▁The ▁TE AC H ▁Grant ▁is ▁different ▁from ▁other ▁federal ▁student ▁gr ants ▁in ▁that ▁it ▁requires ▁students ▁to ▁take ▁certain ▁kinds ▁of ▁classes ▁to ▁get