This assessment outlines the requirements for Federal Perkins repayment process. If you identify areas requiring a corrective action, we recommend that you complete an Action Plan.
Please note the regulatory citations are referenced in the first column of the assessment. To link to any of the regulatory references, click on the link in the regulatory link column and scroll down to the applicable section.
|Perkins Repayment||Regulatory Link(s)||Activity|
|Grace Periods 34 CFR 674.2, 34 CFR 674.31, 34 CFR 674.32, 34 CFR 668.22||
|Federal Perkins Repayment Activity 1: Grace Periods|
|Establishing a Repayment Plan 34 CFR 674.31, 34 CFR 674.33 (a through c)||Federal Perkins Repayment Activity 2: Establishing a Repayment a Plan|
|Multiple Loans at the Same School/Loans From Multiple Schools 34 CFR 674.33(b)(2)|
|Hardship Payment Reduction 34 CFR 674.33(b)(5)|
|Extension of Repayment Period 34 CFR 674.33(c)|
Last Updated November 2016