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Rep.

Pat Dillon decries Congressional failure on Perkins Loans

Rep. Pat Dillon decried Congress' termination of the Perkins Loan Program, which provides low interest
loans for higher education, terming the action as 'mean spirited' and 'short sighted.'

"Congress has failed to invest in the future of our economy and our students by terminating the Perkins
Loan program, which provides low interest loans for higher education to needy students. Since the
program is partly funded by payments from prior recipients, the claims of cost saving do not ring true. The
program is small in Federal terms- under $2 billion- but has an outsized impact because it helps low
income families," Rep. Dillon said.

The program ended Oct 1, 2015.

Attached are a rough estimate of the impact on Connecticut colleges and universities based on prior
years, and a letter from the US Department of Education.

https://www.scribd.com/doc/283448420/US-Dept-Ed-Wind-Down-of-Perkins-Loans

Rep Dillon serves on the Higher Education committee.