Last week, the National Association of Student Financial Aid Administrators (NASFAA) published the results of a “quick scan” member survey about proposed changes to the Perkins Loan Program. Overall, the 680-plus respondents seemed opposed to the reforms, with 80 percent saying they would prefer just expanding the existing Perkins program. Over 50 percent also raised [...]
All Posts Tagged: 'Perkins Loans'
UPDATED: Two Easy Ways to Link Private and Perkins Loans
There are few higher education access issues the proposed reforms to the Perkins Loan Program (pages 64 to 88) aren’t trying to target. Tamping down excessive college costs? Schools get rewarded for low tuition. Need to improve graduation rates for low-income students? Institutions receive money for graduating large numbers of Pell Grant students. But the [...]
Who Gains From the Perkins Loan Low Tuition Incentive Formula?
Contained within the Student Aid and Fiscal Responsibility Act (PDF) is a proposal to reform the Perkins loan program by increasing its funding to $6 billion and distributing this money through three separate formulas. According to the legislation, one-quarter of this funding, or $1.5 billion, would be given to schools through a new low tuition [...]


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