[Oasfaa] FSA Announces Federal Perkins Loan Revolving Fund Distribution of Assets Timeline for 2021-22

[Boyd, Lori]

FSA Announces Federal Perkins Loan Revolving Fund Distribution of Assets Timeline for 2021-22<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDI4MzY4NyZwPTEmdT0xMDA3MDA3NjE0JmxpPTkwNDgxNjYz%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7Ce7f0ae61462540f12cf708d998785136%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637708466776871934%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=M2wFd1%2BNjkrXEsyfBviKz4h1k3MDykWNYlW2bI%2FzQw8%3D&reserved=0>

In a recent electronic announcement, Federal Student Aid (FSA) announced the 2021-22 Distribution of Assets Timeline for the Perkins Loan Revolving Fund (Perkins Fund), which is a part of the wind-down of the Federal Perkins Loan Program. According to FSA, once the Fiscal Operations Report and Application to Participate (FISAP) is submitted through the Common Origination and Disbursement (COD) System by Oct. 1, 2021, the Department of Education (ED) will notify institutions that have cash in the institution's Perkins Fund subject to the distribution of assets process. NASFAA has previously advocated<https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fnasfaa.informz.net%2Fz%2FcjUucD9taT0xMDI4MzY4NyZwPTEmdT0xMDA3MDA3NjE0JmxpPTkwNDgxNjY0%2Findex.html&data=04%7C01%7Clori.boyd%40okstate.edu%7Ce7f0ae61462540f12cf708d998785136%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637708466776881930%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=d3ZWHzcp5RjqA8oUiBWBIifuxcaoTM%2FAH1kLVNTuEx8%3D&reserved=0> for ED to reimburse institutions for canceled Perkins Loans, a recommendation that was eventually implemented following efforts from a coalition of higher education associations.


Time to file the 2022-2023 FAFSA! Application open now at fafsa.gov<https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fstudentaid.gov%2Fh%2Fapply-for-aid%2Ffafsa%2F&data=04%7C01%7Clori.boyd%40okstate.edu%7Cf6b926163caa4c7cbca908d984e794f2%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637686952452523710%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=Btaw7dt4t2h5j3mgXAd8BFEkiOEYilP%2BNPu9T7VW%2FLw%3D&reserved=0>!


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LORI BOYD
ASSISTANT DIRECTOR OF
FISCAL OPERATIONS

Office of Scholarships and Financial Aid
405.744.8730 * 119 Student Union * finaid.okstate.edu<https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgo.okstate.edu%2Fscholarships-financial-aid%2Findex.html&data=02%7C01%7Clori.boyd%40okstate.edu%7Cfcfeed9a6b784060435408d715e51342%7C2a69c91de8494e34a230cdf8b27e1964%7C0%7C0%7C637001945918217346&sdata=BwzGz5gMsxJvdRDVhin%2BcD78kNgHFZrYqLK4pdlTeTw%3D&reserved=0>
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