How will the amount of new Perkins loan funds available to each college be determined?
The expected $6 billion in Federal Perkins Loans funds would be allocated annually to schools under a method, as yet to be determined and in consultation with Congress and higher education finance experts. The formula could reward schools that have kept their tuition and fees low and/or that provide need-based grant assistance to their students. It could also reward those schools that have, as compared to their peer institutions, high graduation and retention rates.
Related Questions
- I was awarded a Federal Perkins Loan, but the Bursars Office has not disbursed the funds to my tuition billing account, what should I do?
- One college offered me a Perkins Loan and/or Supplemental Educational Opportunity Grant (SEOG), but another did not. Why is that?
- Where does the money come from to fund the Perkins/NDSL and Health Professions loan funds?
