Congress Lets Perkins Loan Program Lapse - Inside Higher Ed

The U.S. Senate failed to take action on a last-ditch effort to renew the federal Perkins Loan Program, letting the program lapse. Both houses of Congress needed to pass legislation renewing the program by Sept. 30, the last day of the 2015 fiscal year, and the House of Representatives did so on Tuesday. But at the urging of Sen. Lamar Alexander, the Senate Republican argued for the program's elimination. https://www.insidehighered.com/quicktakes/2015/10/01/congress-lets-perkins-loan-program-lapse