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Congressional Update – Federal Perkins Loan Program Extension Act of 2015

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

Federal Perkins Loan Program Extension Act of 2015

H.R. 3594 — Introduced

Perkins Loan program beyond September 30, 2016. Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund. (Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan …

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