Approved FFELP Loan Discharge/Cancellation Forms

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

TO:
Lenders
DATE:
May 27, 1999
TOPIC:
Approved FFELP Loan Discharge/Cancellation Forms

To assure that your Common Manual remains current, please record this document on your LPM/LPB index, and retain it in Appendix E of your manual.

The U.S. Department of Education has approved new loan discharge/cancellation forms for the FFELP and the Direct Loan Program (see attached April 1999 Dear Guaranty Agency Director letter). The five separate application forms reflect requirements pertaining to discharge or cancellation of loans due to school closure, false certification of ability to benefit, false certification of disqualifying status, unauthorized signature or payment, and total and permanent disability.

These forms may be used immediately, however, use is mandatory when providing loan discharge or cancellation applications to borrowers on or after August 1, 1999. Other loan discharge or cancellation applications may still be processed after that date, but all new applications sent to borrowers on or after August 1, 1999 must use the enclosed forms.

You may reproduce these forms for use only as specified in the printing instructions of the Department’s Dear Guaranty Agency Director letter. You may download copies in PDF format for reproduction from the electronic library of the National Council of Higher Education Loan Programs website, http://www.nchelp.org/contents/elibrary/libryndx.htm. After you access the site, use your vertical elevator to move down to Discharge/Cancellation Forms.

 

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