From: Anne Gross (AGross@nacubo.org)
Date: Fri Feb 15 2002 - 17:31:15 EST
Pam:
Yes, I am told by our student aid guru (Laurie Quarles) that you are correct. This provision will expire in September 2002. This was raised in comments submitted to Rep. McKeon last year under his Fed.Up initiative, but was not put on the agenda for negotiated rulemaking currently underway because it will need a statutory fix. In other words, Congress needs to attach an extension to some piece of legislation between now and then. Please contact Laurie at 202-861-2543 or laurie.quarles@nacubo.org if you need additional information. Anne
Anne C. Gross
Assistant Vice President
Business, External Affairs, and Research
NACUBO
202-861-2544 anne.gross@nacubo.org
202-861-2583 (fax)
-----Original Message-----
From: Scott, Pamela [mailto:Pamela.Scott@ed.gov]
Sent: Friday, February 15, 2002 12:26 PM
To: bursar-l@virginia.edu
Subject: #3 FFELP Single Disbursement & 30-day Delayed Disbursement
Does anyone remember seeing posted on FINAID-L that, for those Universities
that have been able to disburse one-term Stafford Loans in a single
disbursement and are not required to delay first-time freshman borrowers,
will no longer be able to do this as of Sept. 30, 2002. It appears that
this was an exemption that is due to expire.
We need to know if this is, in fact the case. Or, will we be able to
continue with the single disbursements, etc.?
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