Student loans in the U.S. |
Regulatory framework |
---|
National Defense Education Act Higher Education Act of 1965 HEROES Act U.S. Dept. of Education · FAFSA Cost of attendance · Expected Family Contribution |
Distribution channels |
Federal Direct Student Loan Program Federal Family Education Loan Program |
Loan products |
Perkins · Stafford PLUS · Consolidation Loans Private student loans |
A Federal Perkins Loan, also referred to as a Perkins Loan, was a need-based student loan offered by U.S. Department of Education from 1958 until 2017.[1] Created as part of the Federal Direct Student Loan Program, the Perkins Loan served to assist American college students fund their post-secondary education. The program was named after Carl D. Perkins, a former member of the U.S. House of Representatives from Kentucky.