Code of Federal Regulations (Last Updated: May 6, 2024) |
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 D - Loan Cancellation |
§ 674.63 - Reimbursement to institutions for loan cancellation.
Latest version.
-
§ 674.63 Reimbursement to institutions for loan cancellation.
(a) Reimbursement for Defense loan cancellation.
(b) Reimbursement for NDSL and Federal Perkins loan cancellation. The Secretary pays an institution each award year the principal and interest canceled from its student loan fund under §§ 674.53, 674.54, 674.56, 674.57, 674.58, 674.59(b), and 674.60. The institution shall deposit this amount in its Fund.
[52 FR 45758, Dec. 1, 1987. Redesignated and amended at 59 FR 61413, 61415, Nov. 30, 1994]