With Perkins Loans Ending, Students Scramble

Abigail Anderson had it all figured: With multiple loans, a work-study job and scholarships, she could pay for Immaculata University for all four years. Not anymore. Anderson, a freshman majoring in fashion merchandising, found out recently that after this year she will lose her federal Perkins loan, which amounts to almost $2,000. "It changes everything," said the Magnolia, Del., native, who will have to look for other scholarships, or turn to her parents, whom she said can't afford it. "Every little amount counts. It all makes a difference."

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