Perkins Loans
Due to congressional inaction, the Perkins Loan program was terminated on September 30, 2017. Colleges and universities were permitted to continue disbursing Perkins Loans to students through June 30, 2018. However, institutions no longer have the authority to disburse any Perkins Loans.
Following years of advocacy by NAICU and others, the U.S. Department of Education announced in September 2019 that colleges and universities will be reimbursed for the institutional share of Perkins Loans previously cancelled by the federal government.