Perkins Revolving Loan Fund Expiration: What Now?

Angela C. Lewis, CPA, and Seth J. Weener, CPA
In 1965, the U.S. Congress passed the Higher Education Act (HEA), authorizing multiple federal aid programs to provide financial assistance to individuals pursuing higher education and to the institutions they attend. The HEA included the federal Perkins loan program, which provides low-interest loans to qualified undergraduate, graduate, and professional students.