11/15/2005
Several Questions Addressed by ED
Dear Colleague Letter (DCL) GEN-05-16 responds to a number of issues that have been asked during recent conferences or other venues that needed further clarification.
The following topics are addressed:
The requirement for a signed promissory note for loan funds to be counted as "aid that could have been disbursed," or to be disbursed as a late disbursement.
The use of Web sites to provide required notifications and disclosures directly to students.
Additional unsubsidized Stafford loan amounts for an otherwise eligible child of a parent who is not a U.S. citizen or permanent resident.
Bankruptcy and eligibility for Parent Loans for Undergraduate Students (PLUS) and additional unsubsidized loan amounts.
Free Application for Federal Student Aid (FAFSA) questions and same-sex marriage.
Asset valuation of a rental unit within a principal place of residence in need analysis.
The definition of a veteran.
The treatment of combat pay.
The use of stored-value cards and other alternative methods of managing Title IV funds.
Debit cards and third party servicers.
The Reserve Educational Assistance Program (REAP or Chapter 1607).
If you have questions about any of these topics, you may contact OGSLP's Policy Implementation, Training and Communications division at 405.234.4440 or 800.247.0420 x4440.
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OGSLP's Policy Implementation, Training and Communications Division.
