Who are the students in massive debt

[annasdad]

<p>

Perkins is something that schools apply to get, and they only get a limited number to give out. They are supposed to go the the PELL eligible kids,

</p>

<p>Wrong.</p>

<p>

§ 674.9 Student eligibility.</p>

<p>A student at an institution of higher education is eligible to receive a loan under the Federal Perkins Loan program for an award year if the student … </p>

<p>(d) Has received for that award year, if an undergraduate student—</p>

<p>(1) A SAR as a result of applying for a grant under the Federal Pell Grant Program; or</p>

<p>(2) A preliminary determination of eligibility or ineligibility for a Federal Pell Grant by the institution’s financial aid administrator after applying for a SAR with a Federal Pell Grant Processor;</p>

<p>…</p>

<p>§ 674.10 Selection of students for loans.</p>

<p>(a)(1) An institution shall make loans under this part reasonably available, to the extent of available funds, to all students eligible under §674.9 but shall give priority to those students with exceptional financial need.</p>

<p>(2) The institution shall define exceptional financial need for the purpose of the priority described in paragraph (a)(1) of this section and shall develop procedures for implementing that priority.

</p>

<p>[Electronic</a> Code of Federal Regulations:](<a href=“http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=731b88960c9cfdba738157465cc2c222&rgn=div5&view=text&node=34:3.1.3.1.37&idno=34#34:3.1.3.1.37.1.39.8]Electronic”>http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=731b88960c9cfdba738157465cc2c222&rgn=div5&view=text&node=34:3.1.3.1.37&idno=34#34:3.1.3.1.37.1.39.8)</p>