ALN 84.038Department of Education

Federal Perkins Loan Program

1,122 organizations audited on this program since 2016. FAC data through Oct 25, 2026.

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Key figures

18%of audited organizations had a finding on this program, 2016 to 2025, all years counted together
13%of findings on this program came with questioned costs, 2016 to 2025, all years counted together

Pick a year to see it on its own. Bars show each year from 2016 to 2025. 2025 includes only audits filed so far.

Where programs run into trouble

Share of this program’s findings, by the compliance requirement auditors tested, 2016 to 2025.

Special tests and provisions
73%
Reporting
11%
Eligibility
7.6%
Other requirements
4.0%
Cash management
2.3%
Activities allowed or unallowed
1.2%
Allowable costs
0.5%
Period of performance
0.2%
Matching, level of effort, earmarking
0.1%
Program income
0.1%
Procurement and suspension or debarment
0.1%
Equipment and real property management
0.1%
Subrecipient monitoring
0.0%

Other requirements is letter P, the catch-all auditors use when a finding doesn’t fit one of the named compliance areas.

Findings over time

Share of audited organizations with a finding on this program, by year, 2016 to 2025.

Source: Federal Audit Clearinghouse. 2025 is lighter because it includes only audits filed so far.

Who has the most trouble

Share of audited organizations with a finding on this program, by group, 2016 to 2025, all years counted together. Groups under 10 organizations are hidden. No organization is named.

By organization type

State government
26%
Local government
22%
Higher education
18%
Type not reported
18%
Nonprofit
17%

By federal spending

$1M to $5M
24%
$5M to $25M
19%
$25M to $100M
18%
$100M and up
17%

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