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Awarded loans are awarded by Penn as part of a student's financial aid package, and are not otherwise available. These loans are repayable by the student after completion of his/her education or withdrawal from school. Many of these loans are subsidized, meaning that no interest accrues or needs to be repaid, while the borrower is in school. Examples of these loans include Perkins, Health Professions, and Nursing Student Loans. 
 

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