![]() We often see individuals confusing the Perkins Loan and the Perkins Grant programs, but as you can see, they both serve very different purposes. Undergraduate students can receive a maximum of $5,000 a year (totaling no more than $27,000 over the course of their program), and graduate students can be awarded up to $8,000 a year (not to exceed $60,000 in total). The institution’s financial aid office determines who receives a Perkins Loan and how much money each individual will be awarded. Perkins Loans carry a fixed five percent interest rate and must be repaid following a nine-month grace period, which starts once the student is no longer enrolled at the school. The Federal Perkins Loan program helps undergraduate and graduate students pay for the cost of their postsecondary education. What is the Federal Perkins Loan program? For a more complete list of allowable and unallowable uses for Perkins funding, check out this quick reference guide. This is just a high-level overview of the kinds of programs Perkins Grant funding has been used for. Note: Whether you’re using the platform to help teach your students key CAD, CAM, and BIM concepts or for teacher professional development, SolidProfessor for Schools can be purchased using Perkins Grant funding. Professional development and training for teachers: Activities like in-service training for academic and CTE teachers are allowable expenses under the Perkins Grant.Funding can be used to create a new career guidance program or to expand on an existing program. Career guidance and placement programs: Perkins Grant funding can be used to support career guidance/counseling personnel and equipment.Work-based learning programs: Internship programs, joint programs, services and activities with community-based organizations, and apprenticeship programs are supported by Perkins Grant funding.Federal funds can also be used to support travel for staff members accompanying students to CTE leadership activities above the local district level. Field trips and student groups: CTE learning activities are supported by Perkins funding, and grant money can go toward necessary travel expenses for these initiatives as well as materials, etc.Software licenses: Perkins Grant funding can support the purchase of CTE-related software licenses, such as eLearning platforms, technical programs, and more.Equipment, instructional materials, and tangible resources: Instructors can use their Perkins Grant funding to purchase new materials or repair old materials used for technical and career-orientation programs.Typically, allowable expenses fall into one of the following categories: Furthermore, each state has its own slightly different set of criteria for programs and expenses that qualify for Perkins funding. This is pretty broad, and Perkins funding has been used for an incredibly wide range of programs. The short answer for what Carl Perkins funds can be used for is: Funds must be allocated to support programs and materials that provide career and technical education to students. At the same time, states may reserve up to 10 percent of funding for leadership and up to 5 percent (or $250,000 - whichever is greater) for administrative purposes. Perkins Act, states must distribute at least 85 percent of their Basic State Grant funds to local programs that provide resources to disadvantaged schools and students. With the 2006 Perkins Grant reauthorization, more than just the name changed, as decision-makers sought to give the states more flexibility in allocating funds while holding them to stricter accountability standards.įor example, as of the 2006 Carl D. Perkins Career and Technical Education Improvement Act of 2006. In 2006, the Act was reauthorized as the Carl D. Perkins Vocational and Technical Education Act, first authorized in 1984 and then again in 1998. ![]() Since it’s a Perkins career and technical education grant, the money is awarded only for programs that support career and technical education. Each state has a formula for how it distributes its Perkins funding, and they have control over how much goes to secondary vs. The states are then responsible for allocating that Perkins funding to the secondary school districts and postsecondary institutions in their state.The Perkins Grant amount given to states depends on factors like population in certain age groups and per capita income. The federal government awards Perkins Basic State Grant funds to each state.The Carl Perkins Grant provides federal funding to states to improve both secondary and postsecondary career and technical education programs.
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