The Department of Education has announced the deadline dates for the 2021-22 award year for submitting requests and documents related to three financial aid programs—the Federal Perkins Loan, Federal Work-Study, and Federal Supplemental Educational Opportunity Grant programs. Although awarding new Perkins Loans has ended, institutions still need to report all loan activities. The Work-Study program supports students in part-time jobs, and the grant program assists exceptionally needy students with educational costs. Institutions need to meet these deadlines to be eligible for funding or waivers. Further details and deadlines are available on the Information for Financial Aid Professionals website.
Simple Explanation
The Department of Education wants schools to send in important forms on time for three special programs that help students pay for college. Even though one program doesn't give out new loans anymore, schools still have to keep track of the old ones.