34 C.F.R. 34 CFR--PART 682
Title 34 - Education
Effective Date(s): September 8, 2006 37. Section 682.201 is amended by: A. In paragraph (a), revising the paragraph heading to read as set forth below. B. Removing paragraph (e). C. Redesignating paragraphs (b), (c), and (d) as paragraphs (c), (d), and (e), respectively. D. Adding a new paragraph (b). E. In newly redesignated paragraph (c), revising the paragraph heading to read as set forth below and adding a new paragraph (c)(1)(viii). F. In newly redesignated paragraph (d)(1)(i)(B), removing the word “or”. G. Adding new paragraph (d)(1)(i)(D). H. In newly redesignated paragraph (d)(1)(ii), adding the word “and” after the punctuation “;”. I. In newly redesignated paragraph (d)(1)(iii), removing the words “; and” and inserting, in their place, the punctuation “.”. J. In newly redesignated paragraph (d), removing paragraphs (d)(1)(iv)(A) and (B). K. Revising newly redesignated paragraph (d)(2). L. In newly redesignated paragraph (e)(2), adding the words “before or” immediately after the words “eligible loan” and removing the word “and”. M. In newly redesignated paragraph (e)(3), removing the word “only”, removing the punctuation “.” and adding in its place the punctuation “;”, and adding the word “and” immediately after the punctuation “;”. N. Adding a new paragraph (e)(4). The additions read as follows: (a) Student Stafford borrower. * * * * * * * * (b) Student PLUS borrower. A graduate or professional student who is enrolled or accepted for enrollment on at least a half-time basis at a participating school is eligible to receive a PLUS Loan on or after July 1, 2006, if the student— (1) Meets the requirements for an eligible student under 34 CFR 668; (2) Meets the requirements of paragraphs (a)(4), (a)(5), (a)(6), (a)(7), (a)(8), and (a)(9) of this section, if applicable; (3) Has received a determination of his or her annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program; and (4) Does not have an adverse credit history in accordance with paragraphs (c)(2)(i) through (c)(2)(v) of this section, or obtains an endorser who has been determined not to have an adverse credit history, as provided for in paragraph (c)(1)(vii) of this section. * * * * * (c) Parent PLUS borrower. (1) * * * (viii) Has completed repayment of any title IV, HEA program assistance obtained by fraud, if the parent has been convicted of, or has pled nolo contendere or guilty to, a crime involving fraud in obtaining title IV, HEA program assistance. * * * * * (d) * * * (1) * * * (i) * * * (D) Not in default status resulting from a claim filed under §682.412. * * * * * (2) A borrower may not consolidate a loan under this section for which the borrower is wholly or partially responsible. (e) * * * (4) If the consolidation loan has been submitted to the guaranty agency for default aversion, the borrower may obtain a subsequent consolidation loan under the Federal Direct Consolidation Loan Program for purposes of obtaining an income contingent repayment plan. * * * * *
Amendment from August 09, 2006
34 CFR--PART 682
Amendment(s) published August 9, 2006, in 71 FR 45699
§ 682.201 Eligible borrowers.
