Federal Student Aid issues an electronic announcement to all schools participating in the Federal Perkins Loan Program reminding them of the upcoming deadline to report Perkins Cash on Hand on the FISAP by the December 15th deadline. All schools that participate in the Federal Perkins Loan Program must update and submit Part III, section A, Line 1.2 (Cash on hand and in depository as of 10/31/2017) on the Fiscal Operations Report for 2016-2017 (FISAP) to the Department of Education by midnight on Thursday, December 15, 2017.
Schools with a Federal Perkins Loan Revolving Fund must update the amount that was on hand as of October 31, 2017. Instructions for completing this item are on page III-3 of the FISAP Instructions.