34 C.F.R. 34 CFR--PART 685


Title 34 - Education


Amendment from August 09, 2006

34 CFR--PART 685
View Printed Federal Register page 71 FR 45709 in PDF format.

Amendment(s) published August 9, 2006, in 71 FR 45709


Effective Date(s): September 8, 2006

63. Section 685.100 is amended by:

A. In paragraph (a)(3), adding the words “and to graduate or professional students” immediately after the words “dependent students.”

B. Revising paragraph (c)(2).

The revision reads as follows:

§ 685.100   The William D. Ford Federal Direct Loan Program.

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(c)  *  *  *

(2) A borrower with a loan made under the Federal Family Education Loan Program who—

(i) Is not able to obtain a Federal Consolidation Loan;

(ii) Is not able to obtain a Federal Consolidation Loan with income-sensitive repayment terms that are satisfactory to the borrower; or

(iii) Has a Federal Consolidation Loan that has been submitted by the lender to the guaranty agency for default aversion, and wishes to consolidate the Federal Consolidation Loan into the Direct Loan Program for the purpose of obtaining an income contingent repayment plan.

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