H.R. 2482 – Federal Perkins Loan Program Extension Act of 2017

AI-Generated Summary

Updated April 15, 2026 at 3:32 PM UTC

The Federal Perkins Loan Program Extension Act of 2017 temporarily prolongs the Perkins loan program, which provides low‑interest federal loans to eligible college students. It pushes the program’s expiration dates from 2017 to September 30, 2019, allowing schools and borrowers to continue using the loan. The change mainly affects current and prospective Perkins loan borrowers, including graduate students who received loans in the 2018‑2019 award year.

Key Provisions

Amends the Higher Education Act to change the program’s end date from September 30, 2017 to September 30, 2019, extending the authority for schools to make Perkins loans.
Specifies that graduate borrowers who got a Perkins loan after June 30, 2018 but before October 1, 2018 can receive a follow‑up disbursement by June 30, 2019.
Updates the dates for distributing assets from student loan funds, moving the deadline from October 1, 2017 and September 30, 2017 to October 1, 2019 and September 30, 2019.
Blocks any further extensions of the program beyond September 30, 2019 under the General Education Provisions Act.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

May 17, 2017

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HouseIntro Referral

Introduced in House

May 17, 2017

HouseIntro Referral

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

May 17, 2017

Floor Debate

1 member

What members said about H.R. 2482 on the floor

1 Republican

Rep. Elise M. StefanikR-NY-21 · Sep 14, 2017

Mr. Speaker, I rise today in support of half a million students across the country who will lose access to critical financial aid without action by Congress. Perkins loans are an important resource…

Bill Text

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Introduced in HouseIssued May 17, 2017

I

115th CONGRESS

1st Session

H. R. 2482

IN THE HOUSE OF REPRESENTATIVES

May 17, 2017

Ms. Stefanik (for herself, Mr. Pocan, Mr. Duncan of Tennessee, Ms. Slaughter, Ms. Ros-Lehtinen, and Mr. DeSaulnier) introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

To extend temporarily the Federal Perkins Loan program, and for other purposes.

1.

Short title

This Act may be cited as the Federal Perkins Loan Program Extension Act of 2017.

2.

Extension of Federal Perkins loan program

(a)

Authority To make loans

(1)

In general

Section 461(b) of the Higher Education Act of 1965 (20 U.S.C. 1087aa(b)) is amended—

(A)

by striking September 30, 2017 each place it appears and inserting September 30, 2019; and

(B)

in paragraph (1)(C)—

(i)

by striking September 30, 2016 and inserting September 30, 2018; and

(ii)

by striking October 1, 2015 and inserting October 1, 2017.

(2)

Rule of construction

Notwithstanding the amendments made under paragraph (1) of this subsection, an eligible graduate borrower who received a disbursement of a loan under part E of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087aa et seq.) after June 30, 2018, and before October 1, 2018, for the 2018–2019 award year, may receive a subsequent disbursement of such loan by June 30, 2019, for which the borrower received an initial disbursement after June 30, 2018, and before October 1, 2018.

(b)

Distribution of assets from student loan funds

Section 466 of the Higher Education Act of 1965 (20 U.S.C. 1087ff) is amended—

(1)

by striking October 1, 2017 each place it appears and inserting October 1, 2019; and

(2)

by striking September 30, 2017 each place it appears and inserting September 30, 2019.

(c)

Additional extensions not permitted

Section 422 of the General Education Provisions Act (20 U.S.C. 1226a) shall not apply to further extend the duration of the authority under paragraph (1) of section 461(b) of the Higher Education Act of 1965 (20 U.S.C. 1087aa(b)), as amended by subsection (a)(1) of this section, beyond September 30, 2019, on the basis of the extension under such subsection.