ROSEN URGES CONGRESS TO REAUTHORIZE PERKINS STUDENT LOAN PROGRAM, CO-SPONSORS BIPARTISAN LEGISLATION TO EXTEND PROGRAM
WASHINGTON, DC– Today, Congresswoman Jacky Rosen (NV-03) released the following statement calling on Congressional Republicans to reauthorize the Perkins Student Loan Program, which is set to expire on Saturday, September 30th, 2017. Congresswoman Rosen is a co-sponsor of bipartisan legislation to extend the loan program:
“I am deeply disappointed in Congressional Republicans' failure to reauthorize the Perkins student loan program, which is set to expire at the end of this month,” said Rosen. “This loan program has helped countless students from low and middle income families find resources to put themselves through college. Instead of focusing on working for the American people, Republicans have been so fixated on ramming through their disastrous health care repeal bill that they have abandoned other key priorities, leaving our students and working families behind. With college application deadlines fast approaching, Republican inaction in Congress is discouraging our students from attending college. As the first in my family to graduate from college, I understand the positive impact a college education can have on working families. We cannot afford to hold our students back from pursuing their dream of building a better life for themselves and their families.”
BACKGROUND: Congresswoman Jacky Rosen is a co-sponsor of H.R. 2482, the Perkins Loan Extension Act of 2017. This bipartisan legislation would extend the Perkins Loan Program for a period of two years. Should Congress fail to act by the end of this month, the Perkins Loan program will expire, leaving around 500,000 students without access to financial aid. Perkins Loans borrowers are predominantly from lower income families and are often the first in their family to attend college. Unlike many other student loan programs, Perkins is administered directly by colleges and universities who originate the loans, counsel their students through repayment, and select contractors for servicing and collection.