Federal Budget and Appropriations Positions

NASFAA supports funding for all student aid programs, including Pell Grants, Federal Supplemental Educational Grants (FSEOG), Federal Work Study (FWS), Federal Perkins Loans, TRIO programs, and GEAR UP to authorized levels. Additional funding-oriented recommendations can be found below.

Federal Pell Grant Program

  • True Entitlement: The Federal Pell Grant should be a true entitlement with 100% mandatory funding.
  • Surplus: Continue certainty in the Federal Pell Grant Program's financial health by avoiding drawing down dollars from the current Pell Grant surplus to fund other federal programs.

Federal Perkins Loan Program

  • Cancellations: Fund Perkins Loan cancellations. The federal government provides a number of options for loan cancellations in the Perkins Loan Program, but has not provided reimbursements to institutions as required by law over the last several years.

William D. Ford Federal Direct Loan Program

  • Interest Subsidies: Continue to fund in-school interest subsidies for undergraduate students and restore graduate student eligibility. 
  • Origination Fees: Eliminate the "student loan tax" known as loan origination fees.

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