34 C.F.R. PART 674--FEDERAL PERKINS LOAN PROGRAM
TITLE 34--Education
Subtitle B--REGULATIONS OF THE OFFICES OF THE DEPARTMENT OF EDUCATION
CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
PART 674--FEDERAL PERKINS LOAN PROGRAM
Subpart A--GENERAL PROVISIONS
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| Purpose and identification of common provisions.
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| Federal Perkins Loan program cohort default rate and penalties.
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| Program participation agreement.
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| Selection of students for loans.
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| Reimbursement to the Fund.
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| Making and disbursing loans.
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| Federal interest in allocated funds--transfer of Fund.
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| Fiscal procedures and records.
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| Compliance with equal credit opportunity requirements.
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Subpart B--TERMS OF LOANS
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| Special terms: loans to less than half-time student borrowers.
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| Deferment of repayment--Federal Perkins loans, NDSLs and Defense loans.
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| Deferment of repayment--Federal Perkins loans made before July 1, 1993.
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| Deferment of repayment--NDSLs made on or after October 1, 1980, but before July 1, 1993.
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| Deferment of repayment--NDSLs made before October 1, 1980 and Defense loans.
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| Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply.
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Subpart C--DUE DILIGENCE
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| Due diligence--general requirements.
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| Contact with the borrower.
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| Costs chargeable to the Fund.
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| Use of contractors to perform billing and collection or other program activities.
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| Assignment of defaulted loans to the United States.
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Subpart D--LOAN CANCELLATION
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| Teacher cancellation--Federal Perkins, NDSL and Defense loans.
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| Teacher cancellation--Defense loans.
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| Employment cancellation--Federal Perkins, NDSL and Defense loans.
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| Cancellation for law enforcement or corrections officer service--Federal Perkins, NDSL and Defense loans.
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| Cancellation for service in a Head Start program.
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| Cancellation for military service.
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| Cancellation for volunteer service--Perkins loans, NDSLs and Defense loans.
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| Discharge for death or disability.
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| No cancellation for prior service--no repayment refunded.
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| Reimbursement to institutions for loan cancellation.
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Appendix E to Part 674--Examples for Computing Maximum Penalty Charges (6 Months Unpaid Overdue Payments) on Direct Loans Made for Periods of Enrollment Before January 1, 1986
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