<p>Are there guidelines for Perkins loans and grants? I have three in college - one got Perkins loan as part of their financial aid. One got Perkins grant as part of their financial aid. The other received nothing regarding Perkins loan or grant.</p>
<p>Three are three federal aid programs that are what are called campus based aid. This means each school that participates in these programs (and not all schools do) is given a very limited amount for funds for these programs. Each school sets the criteria for awarding these funds and the maximums they will award. The funds are very limited and once they have been awarded the school has no more to award. The three campus based programs are the Perkins loan, Federal Work Study, and the SEOG (a grant). </p>
<p>As each school has a different amount of thee funds and sets their own criteria, it is very possible for students with the same EFC to get them at one school and not to get them at another. Also once the funds are awarded the school can not award any more. My daughter is eligible at her school for the SEOG and WS but did not get them this year. She asked her FA department why and they told her they just ran out of money before they got to her (and we filed FAFSA in January - but because she was verified it delayed her being processed for the 2 weeks it took for us to find out we had been verified and send the documentation in - in that time they ran out of money).</p>
<p>Other federal aid such as the Pell grant and Stafford loans are not campus based. So students with the same EFC would get the same amount of Pell at whichever school they attended. The amount of Stafford would depend on the school’s COA.</p>
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There is no such thing as a Perkins grant (that I am aware of). Are you sure it is not a loan? Or did you mean the SEOG?</p>
<p>Adding to that…for some reason (really unknown to us…I guess we were amongst the lower income folks…) our daughter got a Perkins loan her first two years. She did not get it for her last two year. I will say…it was nice to get…she took that instead of the unsubsidized portions of the Stafford loans that she was offered.</p>
<p>Perkins loans (from what I understand) are awarded to lower income families but this threshold is determined by each university. In addition, as noted above…they are limited amounts per university and typically are awarded first come/first serve.</p>
<p>All three got Stafford loans (subsidized and unsubsidized) - two got work study - the one that got a perkins loan and the other child that got no perkins aid. The child that got the Perkins grant (yes that’s what they called it) did not get work study.</p>
<p>What is the Perkin’s Grant?</p>
<p>Answer:
The “Perkin’s Grant” is part of a federal grant under the Carl D. Perkins Career and Technical Education Improvement Act of 2006. The purpose of this federal program/grant is to promote education in Career and Technical Education programs.</p>
<p>Q2.
Who is it for?</p>
<p>Answer:
Any economically disadvantaged student enrolled in any career and technical education program.</p>
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<p>I was not familiar with the Perkins Grant, but that is because I have only worked at 4 year universities. It looks like the Perkins Grant is for career schools and maybe CC’s.</p>
<p>The Perkins loan and WS are completely at the discretion of the school based on the criteria they set for awarding it, the campus based aid funding they have, and the number of eligible students. </p>
<p>Some schools will have more funds than others. Some schools will have more eligible students than others. So it does vary hugely from school to school. For instance my son’s school offered a maximum of $200 SEOG and only to 0 EFC students and did not participate in the Perkins loan program at all. My daughter’s school offers a maximum of $2000 SEOG and again only to 0 EFC students, and they also participate in the Perkins loan and WS programs. They have more eligible students than they have funds and always run out of funds in those programs before all eligible students are processed.</p>
<p>I don’t know about the Perkins grant. That is a new one to me.</p>
<p>FYI - Perkins Grant recipient is working on their BFA (at a 4 year school).</p>
<p>posted above re perkins grant and student earning a BFA.
Swimcat, how were you able to get such specific information about your children’s school’s aid determinations? Did they share that information with you as to what their policies and amounts are?</p>
<p>The maximum for the max SEOG, and WS was posted somewhere on my daughter’s school’s website. I kind of deduced the rest at her school based on he FA packages - the years shewith a very low EFC she did not get SEOG, but did get WS and some Perkins. With a 0 EFC a couple of years she got SEOG, except for this year - and when she asked why they more or less said that they give it to 0 EFC students and she should have got it, but they were out of funds by the time they got to her file and there was nothing they could do. </p>
<p>The Perkins loan has been weird. She has received it some years, not others, differing amounts every time (something like $736 one year, none another, a sudden mid year offer of $2-300 another just strange). I read somewhere that Perkins is kind of a revolving loan and that the amount of funds available depends on how much the school has received back in loan repayments. I’m not sure how true that is, but the odd amounts she has been offered make me think it might be true.</p>
<p>So partly from info available on her school site, partly the FA packages and talking to the FA department. (they don’t post the criteria - just says “the neediest students”).</p>