Lender and Servicer Due Diligence Measures Required by LOSFA Regarding the Office of the Ombudsman

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

TO:

Schools and Lenders

DATE:

May 1, 2001

TOPIC:

2000 - 2001 Teacher Shortage Areas in Louisiana

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.

Designated Teacher Shortage Areas in Louisiana for the 2000-2001 school year to be used for purposes of granting a deferment of loan repayment under the Federal Family Education Loan Program (FFELP) are unchanged from last year's. They are:

Special Education (all areas)
Science
Mathematics
Elementary Education
Kindergarten/Early Childhood

The federal designation of teacher shortage areas under 34 CFR 682:210(q) "targeted teacher deferment" enables borrowers who had an outstanding FFELP loan that was first disbursed on or after July 1, 1987, but before July 1, 1993, to qualify for deferment of loan repayment as described in Section 7.10.N of the Common Manual.