Perkins Loan Cancellations

Types of Assistance

Direct Payments for Specified Use:
Financial assistance from the Federal government provided directly to individuals, private firms, and other private institutions to encourage or subsidize a particular activity by conditioning the receipt of the assistance on a particular performance by the recipient. This does not include solicited contracts for the procurement of goods and services for the Federal government.

Direct Payments with Unrestricted Use:
Financial assistance from the Federal government provided directly to beneficiaries who satisfy Federal eligibility requirements with no restrictions being imposed on the recipient as to how the money is spent. Included are payments under retirement, pension, and compensatory programs.

Financial Information

Account Identification:
91-0200-0-1-502.

Obligations:
(Direct payments) FY 05 $66,132,000; FY 06 est $65,471,000; and FY 07 est $0.

Range and Average of Financial Assistance:
Not currently available.