Wisconsin recognizes the value and importance of the
Federal Perkins Loan program which supports 27,513 students throughout our state, 3,599 of whom are students at UW-Madison, said Derek Kindle, the Director of Student Financial Aid at the University of Wisconsin-Madison.
The
Federal Perkins Loan is a no-interest loan while the student is in school.
On the other hand, many in Washington feel that it may become a substitute for or dilute the major Federal aid programs such as Pell Grants, Stafford Subsidized Loan Program, Federal Supplemental Educational Opportunity Grant, Federal Work Studies, and
Federal Perkins Loan.
An accrual resulting from a now-resolved servicing issue related to DeVry University's administration of its
Federal Perkins loan program
Senator Susan Collins (R-ME), a member of the Senate Education Committee, introduced bipartisan legislation today along with Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), and Robert Casey (D-PA), to extend the
federal Perkins Loan Program for two years.
Colleges and universities would be unable to make disbursements to students in the work-study program or the
federal Perkins Loan Program -- which helps to finance the cost of postsecondary education at a low rate of interest.
Second, it published final regulations for the
Federal Perkins Loan, Federal Family Education Loan, and William D.
FPL: The
Federal Perkins Loan (FPL) is also in the student's name; he or she will be entitled to the student-loan interest deduction.
Secretary Spellings responded in part that the department does provide loan forgiveness programs for qualified teachers, and if you have a loan from the
Federal Perkins Loan Program, you may be eligible for loan cancellation for full-time teaching at a low-income school or in subject areas with teacher shortages.
Those programs are the
federal Perkins loan program, the Supplemental Education Opportunity Grant and the college work-study program.
Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), Bob Casey (D-PA) and Susan Collins (R-ME) have introduced bipartisan legislation to extend the
federal Perkins Loan Program for two years.
Also, the Department of Education released draft instructions to help IHEs running a shortfall in
federal Perkins Loan revolving funds, allowing them to recoup institutional short-term loans to the funds over a longer period.
