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FFELP Updates

Throughout the year we make an effort to keep our colleagues in the higher education and financial aid communities apprised of changes in policies or procedures within our organization or that affect the Federal Family Education Loan Program. Below are the memoranda we have sent this year to make you aware of these changes and trends. (Adobe Acrobat Reader required)

• Stafford & PLUS Addenda and PLD
  • Addendum to the Stafford MPN (33 KB PDF)
  • Addendum to the Federal PLUS Loan and Endorser Addendum (32 KB PDF)
  • Addendum to the Federal Consolidation Loan Application (80 KB PDF)
  • Federal Stafford Loan Plain Language Disclosure (27 KB PDF)
  • Federal PLUS Loan Language Disclosure (27 KB PDF)
• New Variable Interest Rates for 2008-09
  • 2008-09 Interest Rates Charts (104 KB PDF)
• Dependent Student Eligibility for Additional Unsubsidized Stafford Loans Checklist (140 KB PDF)
  The revised Dependent Student Eligibility for Additional Unsubsidized Stafford Loans Checklist may be used by schools to help in documenting a dependent student's eligibility for additional loan assistance. Financial aid staff may download and copy this checklist form as necessary.
• AES School Late Disbursement Checklist/Notice (29 KB PDF)
  The AES School Late Disbursement Checklist/Notice form may be used by schools to determine borrower eligibility for late disbursement of FFELP funds prior to delivery by the school.
• Conditional Disability Discharge: Questions and Answers Related to Regulatory Changes Effective 07/01/2008 (123 KB PDF)
  Developed by the NCHELP TPD Workgroup/Confirmed by the Department of Education on March 25, 2008.
• Partial Disability Discharge: Joint Consolidations, PLUS Co-Borrowers, and Disabled Endorsers Revised 11/2006 (223 KB PDF)
  In November 2006, the U.S. Department of Education (ED) provided a revised version of the matrix published in August 2006. The revisions include additional information based upon questions that were submitted in response to the initial document and a new address to use when submitting information-only partial disability discharge packages to the Conditional Disability Discharge (CDD) Unit for joint Consolidation loans, co-made PLUS loans, and loans with an endorser.
• Partial Disability Discharge: Joint Consolidations, PLUS Co-Borrowers, and Endorsers (84 KB PDF)
  This document was developed as a joint effort between ED/Federal Student Aid and the National Council of Higher Education Loan Programs (NCHELP). Lenders and servicers may refer to this document for guidance for handling discharge applications received for spousal consolidations, co-made PLUS, and PLUS loans with disabled endorsers.