The Federal Perkins loan program ended on September 30, 2017 with final disbursements permitted through June 30, 2018 by federal law. Students can no longer receive Federal Perkins loans.

Perkins loans are eligible for federal loan cancellation. This allows 50 percent of your original debt to be cancelled with three-year service as a teacher in certain areas or as a volunteer in the Peace Corps. More information is available at studentaid.gov.

Reference: 2023–2024 Federal Student Handbook Volume 6, Chapter 4