Guidance Concerning Borrowers Affected by Flooding in North Carolina

The U.S. Department of Education (ED) recently issued a Dear Guaranty Agency Director (DGAD) letter, dated January 20, 1998, in response to the storm damage that occurred January 7 in Avery and Mitchell counties in North Carolina. Lenders and guaranty agencies should follow the guidelines established in the January 14, 1997 DGAD letter (see UHEAA Bulletin Volume 97 - Issue 11).

If additional areas are designated by the President, ED will distribute a revised comprehensive list. Lenders and guaranty agencies may contact ED's toll-free number (800) 433-7327, Monday through Friday from 9:00 a.m. to 5:00 p.m. Eastern Time for further updates.

If you have questions regarding the DGAD letters, please contact the Policy and Training Department at (801) 321-7166.

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