After 57 years of assisting nearly 20 million low-income students to finance their dreams of obtaining a higher education, the Federal Perkins Loan program could soon be grinding to a halt. [More]
perkins loans
Almost $1 Billion In Defaulted Perkins Loans Prompting Schools To Sue Former Students
By 2.8.13
In yet another sign that student loan debt in the U.S. is in a bad way— you know, beyond the fact that we as a nation owe about $900 billion in outstanding debt — low-income students who received Perkins loans to get through college are defaulting at such a rate that their former colleges and universities are suing them to recoup the money. [More]
