Carl D. Perkins National Direct Student Loan Effective for the 2017/2018 academic year, the University will no longer be participating in the Federal Perkins Loan program. As a result, there will be no additional Perkins Loans awarded to students as part of their financial aid awards. As part of this process, all existing Federal Perkins (or NDSL or Defense) loan(s) will be assigned and transferred to the Department of Education. IMPORTANT: This information pertains ONLY to Federal Perkins Loans, National Direct Student Loans (NDSL), and National Defense Student Loans (Defense Loans).