Posted Date:October 2, 2015
|Author:||Jeff Baker, Director, Policy Liaison and Implementation, Federal Student Aid|
Subject: Wind Down of the Perkins Loan Program
The purpose of this Electronic Announcement is to inform schools that Congress did not take action to extend the Perkins Loan Program beyond September 30, 2015. Therefore, as we provided in Dear Colleague Letter GEN-15-03, schools may not make Federal Perkins Loans to new borrowers after September 30, 2015. Schools must follow the guidance provided in GEN-15-03, particularly as it relates to disbursements made on or after October 1, 2015 and the provisions about "grandfathered borrowers".