The Federal Perkins Loan Program – 2017 and Beyond

On May 17, Representative Elise Stefanik (R-NY), Rep. Mark Pocan (D-WI), Rep. John Duncan (R-TN), Rep. Louise Slaughter (D-NY), Rep. Ileana Ros-Lehtinen (R-FL), and Rep. Mark DeSaulnier (D-CA) introduced the Federal Perkins Loan Program Extension Act of 2017 (H.R.2482) to extend the Perkins Program through September 30, 2019.

On September 14, Senators Tammy Baldwin (D-WI), Rob Portman (R-OH), Bob Casey (D-PA) and Susan Collins (R-ME) introduced Senate Bill S.1808, which is identical to the House bill.

The House and Senate sponsors have been circulating requests for more cosponsors in their respective chambers.

The Federal Perkins Loan Program Extension Act of 2015 was signed into law (PL No: 114-105) extending the Federal Perkins Loan Program through September 30, 2017. 

Since that time, COHEAO has been working with Members of Congress to secure a long-term solution for Perkins Loans. However, as the reauthorization of the Higher Education Act (HEA) will not occur this year. An extension is needed for the program. COHEAO strongly encourages Congress to pass H.R. 2482/S. 1808 as soon as possible. 

What You Can Do to Support Perkins Now:

Long-term goal for Perkins: COHEAO has worked extensively with Congressional Members and their staffers to educate them on the benefits of the Perkins Program.  Our goal is to see the program reauthorized with the same benefits and awarding options that existed prior to the 9/30/15 expiration. We have created and presented the Campus Flex Proposal as a way to modernize the program and integrate it into the simplification of the financial aid process. Click here to view the COHEAO Campus Flex Proposal.

Supporting Documents:

The Fate of the Perkins Program is Far from Decided

Perkins Loans – Past, Present and Future

Why the Perkins Program is Good for Students and Institutions

Perkins Talking Points