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STUDENTS, PARENTS, HIGHER EDUCATION ADVOCATES, ADMINISTRATORS AND SUPPORTERS
Did the Federal Perkins Loan Program help you afford a college education? Have you worked with or do you know students that have benefited from a Perkins loan? If so, please help save the Perkins Loan Program by signing our petition today.
This proven and longstanding loan program is in jeopardy. In order for the program to continue beyond the 2016-17 award year, Congress must reauthorize the program or extend the September 30, 2017 sunset date. Perkins Loans provide critical support to students with economic need, offering low-cost loans with flexible repayment terms and generous forgiveness options that are public-service oriented. In 2013-2014, close to 500,000 students with need were awarded nearly $1.1 billion in Perkins loans, with an average amount of $2,014 awarded per student. This funding is critical to students who may not qualify for any other financing options, including more costly private loans, and therefore would be unable to complete their education.
