Why didn the Administration just propose higher loan limits in the other federal student loan programs?
Restructuring and expanding the Perkins loan program allows campus financial aid administrators to target help where it is needed most. The budget’s approach gives schools the discretion to target loan funds to address the problem of students who need to rely on additional borrowing. In addition, while the proposal would provide for more than $6 billion in new Perkins Loan funds each year, to provide loan limit increases for all Stafford borrowers would be cost prohibitive.
