Common Manual Interim Policy Updates

As you are aware, the Common Manual Governing Board periodically approves modifications to the Common Manual.  Recently, several policies were approved to modify the Common Manual.  These changes will be incorporated into the Common Manual when the next annual update is published in July 2001.

Attached are interim updates to the Common Manual which address policy revisions approved on July 20, 2000.  Pay particular attention to the effective dates for these interim policy updates.

Any questions related to the attached Common Manual interim policy update should be directed to the UHEAA Policy and Training Department at (801) 321-7166 or by email at cjudd@utahsbr.edu.

Attachment

Delivery or Return of Loan Proceeds
The Common Manual has been updated to clarify that in overaward situations schools must indicate in writing the reason for returning loan proceeds and, if applicable, provide the student's withdrawal date.  In all other cases, schools are encouraged to provide the reason for returning loan proceeds and, if applicable, provide the student's withdrawal date.

Affected Sections:   6.3.I. (Delivery or Return of Loan Proceeds Chart, Footnote 2)
Effective Date:         Effective retroactively to the implementation of the Common Manual.
Basis:                      §668.19(a)(4); §668.22(j); §668.58(c); §668.60(b)(3); §668.167(b); §682.604(h);
                               §682.607(c); Department of Education Policy Bulletin dated June 2, 1997.

 

NOTE: The Policy Committee has identified two important changes relating to the new 270-day delinquency period that should have appeared in the 2000 update but were overlooked in this recent revision.  Each of these changes is applicable to CCI Chapter 8 of the 2000 update of the Common Manual and will be corrected in the 2001 update as technical edits.  However, due to the significance of the errors, the Policy Committee believes that the community should be aware of the changes in the interim.

The first change is to subsection CCI8.3.B., page 36, column 2, carot under "Claim Form".  The change is as follows:

. Contact your guarantor for more information regarding procedures for documenting the requisite 180 270-day delinquency period.  See section 1.5 for contact information.

The second change is to subsection CCI8.8.D., page 48, column 2, bullet 1.  The change is as follows:

. A default claim by the 270 360th day of delinquency.
   [§682.406(a)(5)]