Federal Perkins Loan Program

   Current Section  Funding Status
Resources
Awards
FAQs
Performance
 Office of Federal Student Aid Home
Funding Status

APPROPRIATIONS

Fiscal Year 2011: $0
Fiscal Year 2010: $0
Fiscal Year 2009: $65,471,000
Fiscal Year 2008: $64,327,000
Fiscal Year 2007: $65,471,000
Fiscal Year 2006: $65,471,000

Note: Funding in FY 2009 was limited to Perkins Loan cancellations. For all three years, no funds have been appropriated for new Federal Capital Contributions.


Awards Information

2011

Amount of Aid Available: $970,705,017 Amount of Aid Available represents the amount of funds awarded to participants in this program. The total may include federal appropriated dollars and institutional matching dollars
Number of New Awards Anticipated: 493,244 Average New Award: $1,968
Range of New Awards: Up to $5,550 per year for undergraduates; up to $8,000 per year for graduate students.

2010

Amount of Aid Available: $1,041,545,000 Amount of Aid Available represents the amount of funds awarded to participants in this program. The total may include federal appropriated dollars and institutional matching dollars
Number of New Awards Anticipated: 490,139 Average New Award: $2,125
Range of New Awards: Up to $5,500 per year for undergraduates; up to $8,000 per year for graduate students.

2009

Amount of Aid Available: $1,103,000,000 Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 495,000 Average New Award: $2,231
Range of New Awards: Up to $5,500 per year for undergraduates; up to $8,000 per year for graduate students.

2008

Amount of Aid Available: $1,103,000,000 Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 504,000 Average New Award: $2,190
Range of New Awards: Up to $5,000 per year for undergraduates; up to $8,000 per year for graduate students.

2007

Amount of Aid Available: $1,105,000,000
Amount of Aid Available represents the amount of funds awarded to participants in the Federal Student Aid programs. Depending upon the program, this total may include federal appropriated dollars, institutional or state matching dollars, and federal or private loan capital.
Number of New Awards Anticipated: 501,000
Average New Award: $2,206
Range of New Awards: Up to $4,000 per year for undergraduates; up to $6,000 per year for graduate students.

Note: The Department is not bound by any estimates in this notice.


 
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Last Modified: 11/28/2011