FINANCIAL ASSISTANCE COMMISSION
|February 21, 2003|
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 Closed School Unit, U.S. Department of Education advised us on February 13, 2003 that the following schools have closed:
Closed November 15, 2002
Culinary Arts Institute of Louisiana
2857 Perkins Road
Baton Rouge, LA 70808-2247
OPE ID #03071000
Closed December 13, 2002
King's Career College
1771 North Lobdell
Baton Rouge, LA 70806-4607
OPE ID #03383400
Title IV regulations (34 CRF 682.403(d)(6)(J), require that lenders suspend collection efforts against individuals with respect to loans made for attendance at the closed school if the student to whom (or on whose behalf) a loan was made, appears to have been enrolled at the school on the closing date, or withdrew not more than 90 days prior to the date the school closed. Lenders are required to mail a discharge application explaining the procedures and eligibility criteria for obtaining a discharge and an explanation of the information that must be included in the sworn statement (which may be combined) to all borrowers who may be eligible for a closed school discharge.