The Daily Illini

The Nation’s Oldest Financial Aid Program Expires

The Nation’s Oldest Financial Aid Program Expires

By Samantha Jones Toal

October 12, 2015

Carla Stelsel, freshman in LAS, took out a Perkins Loan in late May, but future students may not have the same opportunity.The Federal Perkins Loan Program, a need-based student loan offered by the U.S. Department of Education, expired on Oct. 1 when Congress didn’t renew the program, according to ...