DOCSLIB.ORG

Integrated Common Manual (ICM)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Integrated Common Manual (ICM) 1 Overview 1.1 Introduction .................................................................................................................................................... 1 1.2 About the Manual ........................................................................................................................................... 1 1.3 Using, Duplicating, and Reprinting of Portions of the Common Manual ............................................................ 2 1.4 Disclaimer ...................................................................................................................................................... 2 1.5 FFELP Guarantors and Contact Information ..................................................................................................... 3 Designated State(s)1 Guarantor Name PA, DE, WV American Education Services (AES) (Pennsylvania Higher Education Assistance Agency) .................................................... 5 MA, DC American Student Assistance ............................................................................................................................................. 7 CA California Student Aid Commission (CSAC)/EDFUND ........................................................................................................... 9 CO College Assist .................................................................................................................................................................. 11 CT Connecticut Student Loan Foundation .............................................................................................................................. 13 SD Education Assistance Corporation (EAC) ........................................................................................................................... 15 VA Educational Credit Management Corporation (ECMC) ........................................................................................................ 17 ME Finance Authority of Maine (FAME) ................................................................................................................................... 19 FL Florida Department of Education Office of Student Financial Assistance ........................................................................... 21 GA Georgia Higher Education Assistance Corporation ............................................................................................................ 23 WI, MN, OH, PR, VI Great Lakes Higher Education Guaranty Corporation ......................................................................................................... 25 IL Illinois Student Assistance Commission ............................................................................................................................ 27 IA Iowa College Student Aid Commission (ICSAC) ................................................................................................................. 29 KY, AL Kentucky Higher Education Assistance Authority (KHEAA) ................................................................................................. 31 LA Louisiana Student Financial Assistance Commission (LASFAC) ......................................................................................... 33 MI Michigan Higher Education Assistance Authority (MHEAA) ................................................................................................ 35 MO Missouri Department of Higher Education (MDHE) Student Loan Program ......................................................................... 37 MT Montana Guaranteed Student Loan Program (MGSLP) ...................................................................................................... 39 NE National Student Loan Program (NSLP) ............................................................................................................................ 41 NH New Hampshire Higher Education Assistance Foundation ................................................................................................. 43 NJ New Jersey Higher Education Student Assistance Authority .............................................................................................. 45 NM New Mexico Student Loan Guarantee Corporation (NMSLGC) ........................................................................................... 47 NY New York State Higher Education Services Corporation (HESC) ......................................................................................... 49 NC North Carolina State Education Assistance Authority Guarantee Agency ........................................................................... 51 WA, ID Northwest Education Loan Association ............................................................................................................................. 53 OK Oklahoma State Regents for Higher Education ................................................................................................................. 55 RI Rhode Island Higher Education Assistance Authority (RIHEAA) .......................................................................................... 57 SC South Carolina Student Loan Corporation ......................................................................................................................... 59 AR Student Loan Guarantee Foundation of Arkansas (SLGFA) ................................................................................................ 61 ND Student Loans of North Dakota (SLND) ............................................................................................................................. 63 TN Tennessee Student Assistance Corporation ...................................................................................................................... 65 TX TG .................................................................................................................................................................................... 67 AZ, HI and the Pacific Islands, IN, KS, MD, MS, NV, WY United Student Aid Funds, Inc. (USA Funds) ...................................................................................................................... 69 UT Utah Higher Education Assistance Authority (UHEAA) ........................................................................................................ 71 VT Vermont Student Assistance Corporation (VSAC) .............................................................................................................. 73 1.These are the states that the U.S. Department of Education has designated for the guarantor. A guarantor’s area of service may include clients in additional states. This page intentionally left blank. 1.2 About the Manual 1.1 Appendices Introduction A Interest Benefits and Special Allowance B PLUS/SLS Refinancing The Common Manual: Unified Student Loan Policy is an C Guarantor-Specific Information introduction to and overview of participation in the Federal D U.S. Department of Education Contact Family Education Loan Program (FFELP). It is designed to Information help train new financial aid and student loan personnel and E Guarantor Bulletins to assist the experienced officer in finding answers to F FFELP Community Initiatives questions about federal regulations and guarantor policy. G Glossary H History of the FFELP and the Common Manual Where possible, the guarantors that have participated in the I Index development and distribution of this Manual have agreed to Sections and Subsections adopt uniform policies. In a few cases, some guarantors have policies that are different from the uniform policies All of the chapters and a few of the appendices are divided outlined in this Manual. Places in this Manual where such into numbered sections; in many cases, these sections are exceptions exist include a cross-reference to Appendix C, further divided into subsections. Both of these levels of which details guarantor-specific policies. organization are reflected in the table of contents that accompanies each chapter and most appendices. Additional The FFELP is based on a partnership among schools, unnumbered subheadings may be included within sections lenders, guarantors, and the federal government. The failure or subsections, but are not included in the table of contents. of any one member of this group to carry out its responsibilities—as outlined in either federal regulations or For example: this Manual—directly affects other participants’ ability to meet their obligations. By becoming familiar with this • Chapter 4 addresses school participation in the FFELP. Manual, participants can gain an appreciation for the rules and restrictions under which their counterparts operate. • Section 4.4 outlines school requirements for providing information to students. 1.2 About the Manual • Subsection 4.4.A covers recommended lender lists; Subsection 4.4.B, student consumer information; The Common Manual is divided into eighteen chapters and Subsection 4.4.C, entrance counseling; and Subsection nine appendices. 4.4.D, exit counseling. Chapters Citations 1 Overview Citations are provided throughout the Manual to federal 2 About the FFELP statute, regulations, and other U.S. Department of 3 Lender Participation Education publications. Unless otherwise noted, all 4 School Participation regulatory references are to Title 34 of the Code of Federal 5 Borrower Eligibility Regulations (34 CFR). The following examples reflect how 6 School Certification citations
Load more

Recommended publications
  • Counter-Terrorism and the Law
    WINTER 2009 IU Indianapolis LAW Alumni Magazine & Dean’s Report Defending the Homeland: Counter-terrorism and the Law INDIANA UNIVERSITY SCHOOL OF LAW – INDIANAPOLIS Message from the Dean I AM PLEASED TO PRESENT THE WINTER ISSUE of the IU Law–Indianapolis Alumni Magazine and Dean’s Report. The fall semester has been a busy one at the law school, as this magazine attests. In the following pages, you will read about the groundbreaking counter-terrorism simulation that took place at the school in October as part of Professor Shawn Boyne’s Seminar in National Security Law. During the simulation, students played the roles of government officials responding to simulated terrorist attacks across the country and right here in Indianapolis. In January, WFYI, the local PBS affiliate, will air a documentary about this event. The magazine also includes information about the new legal clinic in Eldoret, Kenya, that our school has helped to establish and continues to support. I had the honor of visiting the clinic in October and am in awe of what has been accomplished there in a very short time. You will also read about and see photos of the recent Board of Visitors Reception at the school, hosted by law school alumnus, and former U.S. Vice President, Dan Quayle. We had a packed house for the event that brought many friends back to the school to visit and reminisce. I also want to take a moment to remember our beloved Professor Mary Harter Mitchell, whose sudden and untimely passing in November of this year leaves a tremendous void in our law school family.
    [Show full text]
  • Oversight of Student Loan Marketing Association (Sallie Mae)
    DOCUMENT RESUME ED 235 768 HE 016 756 TITLE Oversight of Student Loan Marketing Association (Sallie Mae). Hearing Before the Subcommittee on Education, Arts and Humanities of the Committee on Labor and Human Resources. United States Senate, Ninety-Seventh Congress, Second Session. INSTITUTION Congress of the U.S., Washington, D.C. Senate Committee on Labor and Human Resources. PUB DATE 12 Aug 82 NOTE 204p.; Not available in paper copy due to small print. PUB TYPE Legal/Legislative/Regulatory Materials (090) EDRS PRICE MF01 Plus Postage. PC Not Available from EDRS., DESCRIPTORS *Agency Role; College Students; *Credit (Finance); *Federal Legislation; Financial Aid Applicants; Fiscal Capacity; *Hearings; Higher Education; Investment; *Loan Repayment; Money Management; Organizations (Groups); *Student Loan Programs IDENTIFIERS Congress 97th; *Student Loan Marketing Association ABSTRACT Hearings concerning the activities of the Student Loan Marketing Association (Sallie Mae) are presented. Attention is focused on a request for an exemption under federal priority for recovering money owed the Association in the event that it files for liquidation or reorganization in the future under the Bankruptcy Act. It is noted that two goals of the Association are to provide a public service by assuring loan liquidity for student credit demands in the states, and to make a profit. Attention is directed to: the Association's organization, role, and activities; its performance,as a quasi-government entity; new expanded authority of the Association to include virtually all functions of the Guaranteed Student Loan Programs, and the question of whether it has an unfair advantage in the marketplace over others that are involved in similar types of activities.
    [Show full text]
  • Group Research, Inc. Records, 1955-1996 MS# 0525 ©2007 Columbia University Library
    Group Research, Inc. Records, 1955-1996 MS# 0525 ©2007 Columbia University Library This document is converted from a legacy finding aid. We provide this Internet-accessible document in the hope that users interested in this collection will find this information useful. At some point in the future, should time and funds permit, this finding aid may be updated. SUMMARY INFORMATION Creator Group Research, Inc. Title and dates Group Research, Inc. Records, 1955-1996 Abstract Founded by Wesley McCune and based in Washington DC until ceasing operations in the mid-1990s, Group Research Inc. collected materials that focus on the right-wing and span four decades. The collection contains correspondence, memos, reports, card files, audio-visual material, printed matter, clippings, etc. Size 215 linear ft. (512 document boxes; Map Case 14/16/05 and flat box #727) Call number MS# 0525 Location Columbia University Butler Library, 6th Floor Rare Book and Manuscript Library 535 West 114th Street Page 1 of 142 Group Research Records Box New York, NY 10027 Language(s) of material English History of Group Research, Inc. A successful journalist for such magazines as Newsweek, Time, Life and Changing Times as well as a staff member of several government agencies and government-related organizations, Wesley McCune founded Group Research Inc. in 1962. Based in Washington DC until ceasing operations in the mid-1990s Group Research Inc. collected materials that focus on the right--wing and span four decades. The resulting Group Research archive includes information about and by right-wing organizations and activists in the form of publications correspondence pamphlets reports newspaper Congressional Record and magazine clippings and other ephemera.
    [Show full text]
  • The Population Colleges — and the Nation — Can't Afford to Ignore United to Strengthen America’S Pathways Between Education and Employment
    The Adult Student The population colleges — and the nation — can't afford to ignore United to strengthen America’s pathways between education and employment. Strada Education NetworkSM is dedicated to catalyzing more direct and promising pathways between education and employment. We engage with partners across education, nonprofits, business and government to focus relentlessly on students’ success throughout all phases of their working lives. Together we address critical postsecondary education and workforce challenges through a combination of strategic philanthropy, research and insights, and mission-aligned businesses – all focused on advancing the universal right to realized potential we call Completion With a Purpose®. StradaEducation.org TABLE OF CONTENTS About the Author 4 Executive Summary 7 Introduction 12 Section I: Understanding Adult Students Goldie Blumenstyk joined The Chronicle of Higher Education in 1988. She is Section 2: a nationally known expert 24 Strategies to Serve the Adult Population on the business of higher education, for profit-col- leges, and innovation in and around academe. A winner of multiple awards 38 Section 3: Building Networks from the Education Writers Association, she has report- ed for The Chronicle from China, Europe, and Peru, and has contributed to The New York Times and USA 50 Conclusion Today. Blumenstyk appears frequently at conferences and on radio and television programs. She is the author of The Washington Post best-selling book American Higher Education in Crisis? What Everyone Needs to Know (Oxford University Press, 2015). Cover photo by Julia Schmalz ©2018 by The Chronicle of Higher Education, Inc. All rights methods, without the prior written permission of the reserved.
    [Show full text]
  • CO Student Loan Programs
    DOCUMENT RESUME ED 054 731 HE 002 525 TITLE Educational Scholarships, Loans, and Financial Aids, INSTITUTION Department of the Army, Washington, D.C. PUB DATE Apr 69 NOTE 85p. EDRS, PRICE IF-S0.65 HC-$3.29 DESCRIPTORS Educational opportunities; *Financial Support' *Higher Education; *Military Personnel; *Scholarships; State Aid; *Student Loan Programs; Tuition Grants; veterans Education ABSTRACT This pamphlet contains information on scholarships, loans, and financial aids. It is specifically intended for use by army personnel, and their dependents. Information is presented on: (1) relevant publications, including financial aid booklets published by states and other organizations;(2) the educational assistance program for army dependents;(3) educational opportunities in the military service; (4) special considerations offered by military academies to sons of military personnel; (5) the War Orphans' Educational Assistance Act of 1956; (6) scholarshilps and other assistance related to military service; CO student loan programs; (8) states offering scholarships and other aid to children of disabled and deceased veterans;(9) state scholarship programs and tuition rate at state schools; and (10) scholarship programs sponsored by private organizations. (AF) c-J DEPARTMENT OF THE ARMY PAMPHLET NO. 352-1 MICATIONAL SCOOLARSHIPS, .LOANS, AND. FINANCIAL AIDS U.S. DEPARTMENT OF HEALTH EDUCATION & WELFARE OFFICE OF EDUCATION THIS DOCUMENT HAS BEENREPRO- DUCED EXACTLY AS RECEIVEDFROM THE PERSON OR ORGANIZATIONORIG- INATING IT POINTS OF VIEW OROPIN-
    [Show full text]
  • Are U.S. Student Loans the «Next Bubble»?
    Are U.S. Student Loans the «Next Bubble»? Omar Abdel Rahman 1 April 2013 A thesis submitted for the degree of Master of Science in Management, Technology and Economics Accepted by Prof. Didier Sornette / Supervised by Dr. Peter Cauwels ACKNOWLEDGMENTS I thank Prof. Didier Sornette for the opportunity of writing this thesis under the supervision of the Chair of Entrepreneurial Risks at ETH Zurich. Moreover, I thank Dr. Peter Cauwels for suggesting the very interesting, yet challenging topic and supervising the thesis; without his support for my ideas, his prompt availability for discussion and the flexibility he gave me, this work would have been much more difficult to conduct. Furthermore, I thank Mr. Rafael Mar- tinez and Ms. Sabrina Marchal from BNP Paribas Fortis in Brussels for the valuable discussion input in our phone conference and the frequent supply of new material regarding the topic which would have been very difficult to acquire otherwise. Last but not least, I thank Ms. Donna Bellflower and Mr. Daniel Pollard from the Operations Performance Division of the U.S. Department of Education in Washington for their detailed answers to my questions re- garding Federal student loans. DECLARATION I hereby declare that this written work is original work that I alone have authored and written in my own words. With the signature I declare that I have been informed regarding normal ac- ademic citation rules and that I have read and understood the information on ―Citation Eti- quette‖. The citation conventions usual to the discipline in question here have been respected. The work may be tested electronically for plagiarism.
    [Show full text]
  • HRD-90-72FS Supplemental Student Loans: Who Are the Largest Lenders?
    Fact Sheet for Congressional GAO Reyuesters SUPPLEMENTAL STUDENT LOANS Who Are the Largest Lenders? United States General Accounting Office Washington, D.C. 20648 Human Resources Division B-237438 February 21,199O The Honorable Edward M. Kennedy Chairman, Committeeon Labor and Human Resources United StatesSenate The Honorable Pat Williams Chairman, Subcommitteeon Postsecondary Education Committeeon Education and Labor Houseof Representatives This report respondsto your request for information on lenders partici- pating in the SupplementalLoans for Students (SW) program. This pro- gram provides market-rate loans to postsecondarystudents in addition to, or in lieu of, other financial aid, such as Stafford loans (formerly called guaranteed student loans) and Pell grants. Specifically, you requestedSLS loan volume and default data for the 10 largest SLSlenders from each of the nine guaranty agencies’we reported on previously.2 You asked us to provide, for each lender, data on the volume of loans made to students attending proprietary (trade) schoolsand other post- secondaryeducation institutions, as well as information on the extent of borrowing by freshmen as comparedwith students in their secondor subsequentyears of schooling.In addition, you wanted to know the amount of SLSdefaulted loans. On December14 and 21,1989, we briefed your offices on the prelimi- nary results of our analysis, This fact sheet summarizesthe information provided. Baickground unions, or savings and loan associations.Before students can receive an SLSloan, their schoolsmust first determine their eligibility for a Stafford loan or Pell grant or both. Theseprograms have more stringent eligibil- ity requirements than the SLSprogram. If students are eligible for aid from either or both of these programs, they should first receive that lThere are 66 guaranty agenciesthat act as “middlemen” between the Department of Education and the lenders.
    [Show full text]
  • Cohort Default Rate Guide for Guaranty Agencies & Lenders
    Cohort Default Rate Guide for Guaranty Agencies & Lenders Fiscal Year 1999 U.S. Department of Education Financial Partners TABLE OF CONTENTS Introduction........................................................................................................1 Background........................................................................................................1 Formula for Calculating 1999 Cohort Default Rate..........................................2 Department of Education Contact List..............................................................4 Correcting Cohort Default Rates.......................................................................5 Information About Back-Up Data Printouts.....................................................7 Guaranty Agency List........................................................................................8 Commonly Asked Questions............................................................................19 INTRODUCTION This guide contains information about the publication of the Fiscal Year (FY) 1999 cohort default rates for originating lenders, current holders, and guaranty agencies participating in the Federal Family Education Loan (FFEL) Program, as mandated by the Higher Education Act of 1965, as amended. BACKGROUND Under Section 430(e) of the Higher Education Act of 1965, as amended (HEA), the Department of Education (Department) is required to publish a list of the cohort default rates of lenders, subsequent holders, and guaranty agencies participating in the FFEL Program.
    [Show full text]
  • Remarketing Prospectus Supplement Relating to the Remarketing of $327,970,000
    REMARKETING PROSPECTUS SUPPLEMENT RELATING TO THE REMARKETING OF $327,970,000 CLASS A-5B NOTES SLM Student Loan Trust 2005-6 Issuing Entity SLM Funding LLC Depositor Sallie Mae, Inc. Sponsor, Servicer and Administrator Student Loan-Backed Notes The remarketing agents are remarketing, on behalf of SLM Student Loan Trust 2005-6, the class A-5B notes (the “class A-5B notes”). The class A-5B notes were originally issued by the trust on July 27, 2005. If successfully remarketed, the class A-5B notes will have the following terms: Outstanding Legal Maturity Class Principal Amount Interest Rate Price Next Reset Date* Date Class A-5B Notes .... $329,000,000 3-month LIBOR plus 1.20% 100.00% N/A July 27, 2026 * Absent a failed remarketing or an exercise of the related call option on or before the July 25, 2008 reset date, there will be no subsequent reset dates for the class A-5B notes. Other than as provided herein, no person has been authorized to give any information or to make any representations other than those contained in this remarketing prospectus supplement and, if given or made, such information or representations must not be relied upon. This remarketing prospectus supplement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities other than the class A-5B notes nor an offer of such securities to any person in any state or other jurisdiction in which it is unlawful to make such offer or solicitation. The delivery of this remarketing prospectus supplement at any time does not imply that the information herein is correct as of any time after its date.
    [Show full text]
  • Cohort Default Rates for Guaranty Agencies Managing Rates
    Cohort Default Rates for Guaranty Agencies Managing Rates Page 1.1 - 1 Fiscal Year 2011- 3 Year U.S. Department of Education Operations Performance Division Business Operations TABLE OF CONTENTS Introduction..................................................................................……………3 Background....................................................................……………..........…..3 Cohort Default Rate Formula 2011 – 3-Year…………………………...................5 Commonly Asked Questions…………………………………….….…………………….…..5 Data Corrections………………………………..…………………………………..….………...11 Information About Back-Up Data Printouts....…......................................19 Appendix A: Department of Education Contact List................…............20 Appendix B: Guaranty Agency List.................…......................................21 Page 1.1 - 2 INTRODUCTION This guide contains information about the publication of the Fiscal Year (FY) FY 2011 three-year cohort default rates (CDRs) for originating lenders, current holders, and guaranty agencies participating in the Federal Family Education Loan (FFEL) Program, as mandated by the Higher Education Act of 1965, as amended. BACKGROUND Under Section 430(e) of the Higher Education Act of 1965, as amended (HEA), the Department of Education (the Department) is required to publish the cohort default rates of lenders, subsequent holders, guaranty agencies and Colleges and Universities participating as a lender in the FFEL Program. The purpose of this guide is to provide the student loan industry with information
    [Show full text]
  • 2014 Annual Report ACE Strategic Plan
    AMERICAN COUNCIL ON EDUCATION 2014 Annual Report ACE Strategic Plan LEADERSHIP • Develop and deliver high-quality programs, ser- vices, and thought leadership on current and emerging issues • This work will derive from our expertise in research, leadership development, internationalization, and attainment ADVOCACY • Coordinate and lead the higher education commu- nity by providing strong advocacy strategies to advance policies and practices that ensure American higher education continues as a world leader in higher education access, quality, and student success • This work will derive from our efforts focused on federal, state, and international initiatives, as well as from legal, public affairs, and advancement activities ORGANIZATIONAL EXCELLENCE • Recruit, serve, and retain members and employees by improving internal culture and effectiveness • This work will derive from our efforts to raise individual performance, accountability, and collabo- ration; improve management of our resources; and apply best practices and tools related to systems, media, communications, and data management Photo courtesy of ACE member institution Michigan State University. Dear Colleagues: We are pleased to provide you with an overview of the work of the American Council on Education (ACE) during 2014. This report summarizes the programmatic and advocacy activities which, driven by our strategic priorities, enabled the Council to serve our nearly 2,000 members nationwide during this period of multiple challenges and great opportunities for the entire higher education community. The Center for Education Attainment and Innovation (CEAI) worked throughout 2014 on initiatives aimed at supporting the goal of increasing the number of Americans able to earn a college degree or credential. Among CEAI’s focuses last year was operating and expanding the ACE College Credit Recommendation Service (ACE CREDIT®) in ways that help nontraditional learners speed their path to completing a postsecondary education.
    [Show full text]
  • Report of the Dean 1961•fi1962
    Notre Dame Law School NDLScholarship 1952–1968: Joseph O'Meara Law School Deans 8-15-1962 Report of the Dean 1961–1962 Joseph O'Meara Notre Dame Law School Follow this and additional works at: http://scholarship.law.nd.edu/jomeara Part of the Law Commons Recommended Citation Joseph O'Meara, Report of the Dean 1961–1962, ([Notre Dame, Ind.]: Notre Dame Law School, 1962). This Article is brought to you for free and open access by the Law School Deans at NDLScholarship. It has been accepted for inclusion in 1952–1968: Joseph O'Meara by an authorized administrator of NDLScholarship. For more information, please contact [email protected]. The following pages were copied from one of the books below that are available in Kresge Law Library at the University Notre Dame: — LAW LIBRARY F I uNIV. OF NOTRE jptre arnt 3Lt i I port of 1it It4P l6l=l9G2 0 EJE . I. “ . ‘ What do you want from life? tan’s 3Lcport 1961=62 “Another way of asking this question is : What are your values? As in earlier reports, I begin with some observations about our These values represent what you really intend to live and work for, students — past, present and prospective. or if needs be, to suffer and die for. These values define the kind of person you wish to be, the kind of life you intend to live, the best hoped-for meaning of your life in the days ahead. I would suggest some enduring values that have made human existence worthwhile in THE STUDENT BODY every age and that could make your life most meaningful in our times.
    [Show full text]