"Federal Perkins Loan Program advocates couldn’t overcome opposition to avoid a lapse this week, but don’t expect them to give up," according to Politico.
"The Coalition of Higher Education Assistance Organizations 'absolutely believes that the Perkins program has a shot at revival,' President Maria Livolsi said. The Senate could still take up the House extension bill that failed to get unanimous consent Wednesday, or Higher Education Act reauthorization could allow for a more permanent reinstatement of a program that offered loans averaging about $2,000 to more than half a million students each year. ...
Perkins was supported through revolving funds, and the extension bill would have borne no immediate cost. 'The likelihood of this program coming back from the dead is going to be a pretty heavy lift,' said Justin Draeger, president of the National Association of Student Financial Aid Administrators. 'What would be doubly bad, though, is if the program goes away and we can’t even resuscitate the conversation about this financial gap that will now be there for students.'"
NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 10/2/2015