Dear Colleague/Partner Letters Regarding the
College Cost Reduction and Access Act (CCRAA)
Dear Partner / Colleague Letter [FP-08-02] – This letter announces revised promissory note addenda and Plain Language Disclosures for Federal Stafford Loans and Federal PLUS Loans, and a new promissory note addendum for Federal Consolidation Loans.
Dear Partner / Colleague Letter [GEN-08-01/FP-08-01] – This letter discusses the major changes made to the Title IV loan and grant programs by the CCRAA.
Dear Partner / Colleague Letter [FP-07-12] – This letter provides guidance on the process that will be used to designate entities that meet the statutory definition of an eligible not-for-profit holder for purposes of special allowance payment (SAP) billings.
Dear Partner / Colleague Letter [FP-07-11] – This letter provides initial guidance to FFEL lenders on reporting changes to the quarterly Lender's Request for Payment of Interest and Special Allowance (LaRS) as a result of the College Cost Reduction and Access Act and the Third Higher Education Extension Act of 2007.