The
House Appropriations Subcommittee on Labor, Health and Human Services
and Education marked-up their FY2005 appropriations bill this morning. This
bill allocates funding for the Perkins Loan Program. The
House Subcommittee has voted to zero out the Federal Capital Contribution
and to fund loan cancellations at $66.7 million, the same amount
that was appropriated for FY2004. The Senate has not yet
marked-up the equivalent FY2005 bill. We will continue to
provide updates when more information is available.