FISAP INFO FOR PERKINS LOAN INSTITUTIONS

The Federal Perkins Loan Expired last year and the FISAP information has been updated to state that schools may no longer request a Federal Perkins Loan Level of Expenditure. Schools that advanced Federal Perkins Loans to students during 2017-18 are permitted to claim the ACA for this year. No Perkins ACA is permitted to be claimed after 2017-18.

Report the federal share of Perkins Loan Fund’s Excess Liquid Capital that your school returned to the Department in Part III, Section A, line 28 “Repayments of fund capital to federal government.”

Report the institutional share of Perkins Loan Fund’s Excess Liquid Capital that you returned to your school in Part III, Section A, line 30.2 “Distribution of excess/liquid fund capital.”