"Highly Qualified" Teacher Loan
Forgiveness Update
New guidance has been issued by the Secretary of Education regarding Teacher
Loan Forgiveness under the Taxpayer-Teacher Protection Act (TTPA) of 2004
(H.R. 5186). >>Click
here to read more on Teacher Loan Forgiveness.
Total and Permanent Disability Claim Issues Resolved
Representatives of the Federal Family Education Loan Program and the U.S.
Department of Education recently resolved several issues involving the
process of assigning loans to the Conditional Disability Discharge Unit
for the conditional discharge process. >>Click
here to read more on disability.
Forms Update
The current version of the Stafford Master Promissory Note (MPN) and
the deferment forms have an expiration date of September 30, 2005. Although
it is not official, it is probable that the Office of Management and Budget
(OMB) will approve an emergency extension of the current forms until the
revised forms are approved. Clients may wish to order a lower quantity
than usual when placing orders for these forms. OGSLP will
update clients when more information is available.
MYF Encourages Schools to Regularly Retrieve Online Student Loan Counseling
Records
Schools must maintain documentation substantiating compliance with the loan
counseling regulations, 34 CFR 682.604 (f) and (g), for each borrower. >>Click
here to read more on MYF's Online Student Loan Counseling.
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