November 1, 1999
Volume 99 - Issue 73


Federal Perkins Loan Program Final Regulations

The Department of Education (ED) recently published a Federal Register, dated October 28, 1999, incorporating provisions contained in the recent reauthorization of the Higher Education Act (HEA).  The regulatory changes impact the following sections of 34 CFR:

Part 674-Federal Perkins Loan Program
. Sec.  674.2    Definitions
. Sec.  674.5    Default Rate and Penalties
. Sec.  674.6    Default Reduction Plan
. Sec.  674.7    Expanded Lending Option
. Sec.  674.9    Student Eligibility
. Sec.  674.12  Loan Maximums
. Sec.  674.16  Making and Disbursing Loans
. Sec.  674.31  Promissory Note
. Sec.  674.33  Repayment
. Sec.  674.34  Deferment of Repayment
. Sec.  674.39  Loan Rehabilitation
. Sec.  674.41  Due Diligence
. Sec.  674.42  Contact With the Borrower
. Sec.  674.45  Collection Procedures
. Sec.  674.47  Costs Chargeable to the Fund
. Sec.  674.49  Bankruptcy of Borrower
. Sec.  674.52  Cancellation Procedures
. Sec.  674.53  Teacher Cancellation
. Sec.  674.56  Employment Cancellation
. Sec.  674.57  Cancellations for Law Enforcement or Corrections Officer Service
. Sec.  674.58  Cancellation for Service in a Head Start Program
. Sec.  674.60  Cancellation for Volunteer Service
A copy of the Federal Register can be found on ED's web site at  http://ifap.ed.gov.  If you would like a hard copy, please contact Lynda Reid at (801) 321-7211.  Any questions regarding these regulations should be directed to the UHEAA Policy and Training Department at (801) 321-7166 or by e-mail at cjudd@utahsbr.edu.