Skip Ribbon Commands
Skip to main content

 Email  Share  Print

ACE Infographic Highlights the Federal Perkins Loan Program

August 03, 2016

 

​A new infographic by ACE's Center for Policy Research and Strategy (CPRS), “The Federal Perkins Loan Program” is the latest installment in CPRS’ Higher Ed Spotlight series that covers relevant and timely issues of interest to higher education stakeholders.

The low-interest federal loan program for students with financial need is funded through a partnership with the federal government and participating higher education institutions. The program expired in 2015 but was given a two-year extension last December. Without further legislative action, no new Perkins Loans may be awarded after Sept. 30, 2017.

More than 520,000 students received a Perkins Loan in 2014-15, with an average disbursement of $2,199.

Undergraduate Perkins Loan borrowers:

  • Are 55 percent women and 45 percent men
  • Have a median age of 20
  • Have a median adjusted gross income of $28,366
  • Are 62 percent white; 14 percent black; 12 percent Hispanic
  • Are 71 percent financially dependent versus 29 percent independent

Click here to see more infographics in the Higher Ed Spotlight series.

Other ACE News

  • September 20, 2018

    Today's Headlines

    HEADLINES: Today's Top Higher Education News

    WBUR reports that higher education leaders are critical of a proposal in Massachusetts to tax colleges and universities with large endowments . . . Inside Higher Ed writes that colleges with increasingly diverse student bodies are recognizing the...

  • ACE Annual Meeting

    September 19, 2018

    ACE2019 Image

    Register Now for ACE2019

    Registration is open for ACE2019, ACE’s 101st Annual Meeting, March 9-12, 2019, in Philadelphia. Nearly 2,000 college and university leaders from deans to presidents will gather at the Philadelphia Marriott Downtown for the nation’s most...

  • Student Mobility

    September 18, 2018

    Fees for Student and Exchange Visitor Program Set to Increase

    The proposal to increase programs fees for the Student and Exchange Visitor Program may have a negative impact on international students, scholars, and higher education institutions, according to ACE and 14 other higher education associations.

  • Innovative Practices

    September 17, 2018

    Innovative Leadership

    College Presidents Finding New Ways to Lead Amid Growing Challenges

    A newly released ACE report highlights how innovative college and university presidents are rising to a variety of daily challenges and empowering their own campuses to take risks and respond strategically.

  • Budget and Appropriations

    September 17, 2018

    Stairs leading up

    Spending Package for FY 2019 Includes Boosts for Pell Grants, NIH, Career and Technical Education

    Congress has reached an agreement on an appropriations package for FY 2019 that includes a $100 increase in the maximum Pell Grant award and a $2 billion boost in funding for the National Institutes of Health, among other priorities for higher...

 

 Related Content