Schools with existing Federal Perkins Loan portfolios will want to make note of important information to ensure they stay in compliance.
In a December 11 Electronic Announcement, the Department of Education provided information on the required capital distribution from the school’s Perkins Loan Revolving Fund as part of the wind-down of the Federal Perkins Loan Program.
Schools are reminded not to remove and return any funds to the Department or to the institution until they have been notified to do so. The Department will notify the school, typically in January, of the federal and institutional shares that must be removed and returned to the Department and to the school.
Schools will also be notified of the amount of partial reimbursement for Perkins Loan service cancellation that they must remove from their Perkins Fund and return to the school prior to the deadline. More details are provided in the Electronic Announcement.
Questions should be directed to the FSA Partner and School Relations Center at 1-800-848-0978 or via email to CODSupport@ed.gov.
The Department of Education also announced that the NSLDS 2026 Data Provider Schedules for Perkins Loan Reporting are now available on the NSLDS Professional Access website for Perkins schools and their third-party servicers.
Perkins schools will want to view the updated schedules to ensure compliance with submissions. To review the schedules:
- Log into NSLDS Professional Access
- Navigate to your 8-digit OPEID school profile
- Select “View Schedule”
Questions can be directed to the NSLDS Customer Support Center at 1-800-999-8219 or nslds@ed.gov.
