November 8, 1999
Volume 99 - Issue 78


Federal Family Education Loan Program Final Regulations

The Department of Education (ED) recently released a Federal Register, dated November 1, 1999, concerning changes to the Federal Family Education Loan Program (FFELP).  The regulations incorporate provisions contained in the recent reauthorization of the Higher Education Act (HEA).  The regulatory changes impact the following sections of 34 CFR:

Part 682   Federal Family Education Loan Program (FFELP)
. Sec.  682.100   [Amended]
. Sec.  682.102   Obtaining and Repaying a Loan
. Sec.  682.103   [Amended]
. Sec.  682.200   Definitions
. Sec.  682.201   Eligible Borrowers
. Sec.  682.202   Permissible Charges by Lenders to Borrowers
. Sec.  682.204   Maximum Loan Amounts
. Sec.  682.206   Due Diligence in Making a Loan
. Sec.  682.207   Due Diligence in Disbursing a Loan
. Sec.  682.209   Repayment of a Loan
. Sec.  682.210   Deferment
. Sec.  682.211   Forbearance
. Sec.  682.300   Payments of Interest Benefits on Stafford and Consolidation Loans
. Sec.  682.301   Eligibility of Borrowers for Interest Benefits on Stafford and Consolidation Loans
. Sec.  682.401   Basic Program Agreement
. Sec.  682.402   Death, Disability, Closed School, False Cert., Unpaid Refunds, & Bankruptcy Payments
. Sec.  682.406   Conditions of Reinsurance Coverage
. Sec.  682.409   Mandatory Assignment by Guaranty Agencies of Defaulted Loans to the Secretary
. Sec.  682.414   Records, Reports, and Inspection Requirements for Guaranty Agency Programs
. Sec.  682.603   Certification by a Participating School in Connection with a Loan Application
. Sec.  682.604   Processing the Borrower's Loan Proceeds and Counseling Borrowers
. Sec.  682.610   Administrative and Fiscal Requirements for Participating Schools
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.