News
The Bush administration's proposed federal budget would slash the Federal Perkins Loan program, used by 1,325 undergraduates, potentially forcing the College to adjust its financial aid program.
Budget squeezes at the National Institutes of Health and National Science Foundation, meanwhile, will likely result in less government money available for science research.
The Department of Education, which has argued that Perkins Loans duplicate other programs and are only available at a limited number of institutions, would rather earmark money for Pell Grants, which are targeted to low-income students regardless of the institution they attend.
If approved by Congress, which has the power to strike or modify any part of the budget during the approval process, the end of Perkins Loans would lead Dartmouth to look to other programs -- especially Stafford Loans -- to try to meet the needs of students and their families, according to Virginia Hazen, the College's director of financial aid.
The College lent out $5.7 million in Perkins Loans last year but usually disburses around $3 million, Hazen said.