They do not provide the greatest benefit to the families with children who are in greatest financial need. (educationnext.org)
Federal Perkins Loan: A Perkins Loan is a specific type of student loan that is available to undergraduate and graduate students with great financial need. (studentdebtwarriors.com)
However, as stated above, the government usually only grants these loans to students who can prove great financial need. (usstudentloancenter.org)