Thursday, October 22, 2015

Colleges offering Perkins Loans may owe billions to feds - Tara García Mathewson, Education Dive

When Congress failed to extend the Perkins Loan program earlier this month, it set 1,700 college and university partners up to eventually return billions in federal grants. The Democrat and Chronicle reports that if Congress doesn’t find another way to renew the program, participating colleges and universities will have to return the revolving door of loan funding that kept the program running, even without renewed federal investment. Since 2005, the Perkins Loan program has continued on college and university campuses from their own investments and income from former students repaying their loans.

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