Portman Fulfills Goal of Ending Loan Program More Than 25,000 Ohio Students Depend On

Perkins Loan Program Expired at Midnight, Portman Proposed Ending Perkins Program as Bush Budget Director

COLUMBUS – U.S. Sen. Rob Portman has fulfilled his long-time goal of eliminating the Federal Perkins Loan Program that more than 25,000 Ohio students depend on. The program expired at midnight as Congressional Republicans refused to extend it. But it is Portman who first proposed eliminating funding for the Perkins Loan Fund in 2007 as Budget Director for President George W. Bush.

“Cutting loan programs for Ohio students while continuing handouts to millionaires and corporations is a perfect example of just how out of touch Senator Portman is with the struggles of working families,” said Ohio Democratic Party spokeswoman Jennifer Donohue. “Rising college costs are hitting Ohio families hard enough as it is, they can’t afford to keep paying for Senator Portman’s handouts to millionaires and corporations at their expense.”

Trailing in the polls and worried about his re-election campaign, Portman attempted to cover his tracks this week by signing on to a Senate Resolution supporting the Perkins program – even taking to the Senate floor to talk about how important Perkins loans are to Ohio students. But, Portman failed to mention that eliminating Perkins was his idea:

  • As Director of the White House Office of Management and Budget in 2007, Portman Proposed Eliminating the Perkins Loan Revolving Fund: “Eligible Perkins loans would continue to be cancelled but no appropriations would be made to replenish the institutional revolving funds. This program termination is coupled with the Budget’s proposal to eliminate the Perkins loan program and recall the Federal portion of these revolving funds.” [Office Of Management And Budget, February 2007]

  • Portman Himself Even Testified at Congressional Hearings Defending his Proposal to Eliminate Perkins: “BISHOP: Mr. Portman, thank you for your testimony, and thank you for your endurance. […] And the Perkins revolving fund, the president requests that it be recalled. And if I’m reading the charts correctly, that’s a $419 million cut for fiscal ’08, also bringing that to zero.” [Political Transcript Wire, 2/7/07]

The Perkins program is not the first time Portman has sided with Washington special interests over Ohio students. In 2014 and 2015, Portman voted against allowing Ohioans to refinance student debt at lower rates – choosing instead to protect tax cuts for millionaires.  [CQ, 4/15/15; S.Con.Res. 11, Vote 149, 4/15/15; CQ, 6/11/14; S. 2432, Vote 185, 6/11/14].

By contrast, former Ohio Governor and U.S. Senate candidate Ted Strickland froze college tuition when he was Governor and made college free to veterans — boosting public university enrollment in Ohio by 20 percent. [Ohio General Assembly, H.B. 199, Signed 6/30/07; Associated Press, Toledo Blade, 7/1/07; Office Of Governor Ted Strickland Press Release, 7/8/08; Ohio State University, Accessed 5/8/15; University System Of Ohio, Headcount Enrollment, December 2014]

How Many Ohio Students Depend on Perkins?

25,472 Ohio students received more than $45 million in Perkins loans for the 2013-214 school year. Students already enrolled in Perkins and those who received their loans before midnight for this semester will not be cut off. But anyone whose loan had not yet come through could be cut off, and new students will not be able to apply for loans for future semesters.

PERKINS LOAN DATA: 2013-2014 AWARD YEAR

School

Recipients

Disbursements

OHIO TOTAL

25,472

$      47,744,218

Firelands Regional Medical Center

2

$             4,000

Tiffin University

2

$             4,000

Pontifical College Josephinum

4

$           11,322

International College of Broadcasting

8

$           14,939

Trumbull Business College

10

$           13,341

Lourdes University

15

$           48,000

Muskingum University

20

$           36,350

Kettering College

21

$           40,000

Franciscan University of Steubenville

37

$         138,000

Cuyahoga Community College

40

$           86,726

Notre Dame College of Ohio

47

$           72,007

Lake Erie College

64

$         118,300

The Cleveland Institute of Art

70

$         122,750

Ursuline College

72

$         119,500

University of Rio Grande

80

$         212,721

Kenyon College

91

$         231,400

Union Institute & University

96

$         240,622

Wilberforce University

110

$         187,050

Urbana University

111

$         190,293

The Cleveland Institute of Music

112

$         278,368

Cedarville University

115

$         346,900

Defiance College

118

$         153,250

Columbus College of Art & Design

127

$         242,237

Ashland University

138

$         204,503

Ohio Dominican University

149

$         238,750

Hiram College

151

$         311,260

Bradford School

155

$         552,518

Malone University

168

$         312,106

Mount St. Joseph University

173

$         163,594

Ohio Wesleyan University

201

$         521,150

Northeast Ohio Medical University

202

$         447,700

Ohio Technical College

203

$         242,850

Denison University

210

$         302,339

The University of Findlay

212

$         402,472

Marietta College

220

$         248,200

Mount Vernon Nazarene University

224

$         577,550

Wittenberg University

246

$         660,381

Antioch University

259

$     1,148,198

Bluffton University

297

$         274,100

John Carroll University

304

$         573,036

Heidelberg University

319

$         306,286

Oberlin College

358

$         997,718

Otterbein University

366

$         321,255

Ohio Northern University

367

$         780,168

Youngstown State University

393

$         653,241

Walsh University

395

$         373,150

University of Mount Union

403

$         601,060

Baldwin Wallace University

411

$         749,416

The College of Wooster

419

$         476,757

Wilmington College

440

$         620,132

Capital University

486

$         650,847

Cleveland State University

508

$     2,509,665

Xavier University

622

$         605,500

Bowling Green State University

692

$     1,263,159

Miami University

708

$         921,543

University of Toledo

833

$     2,007,999

University of Dayton

848

$     1,705,016

The University of Akron

1,084

$     1,901,879

Wright State University

1,257

$     2,456,269

Case Western Reserve University

1,528

$     1,758,251

University of Cincinnati

1,636

$     3,145,373

The Ohio State University

1,725

$     4,805,577

Ohio University

1,744

$     1,977,191

Kent State University

3,046

$     6,063,983

Source: U.S. Department of Education

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