(Washington, D.C.) — The Perkins Loan Program, which helps 10,000 Minnesota college students afford the cost of school, expired in October but Senators Al Franken and Amy Klobuchar intend to renew that program. Sen. Klobuchar says, “I have been pushing for an extension of that really important student loan program just at a time when we’ve seen that students are acquiring more and more debt. Minnesota especially has high debt for students. It’s just a really stupid time to do away with a student loan program.” The Perkins loan program provides 26 million awards to students in all 50 states. Franken adds that the average loan for Minnesota students is $2000.
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