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Home Page > Executive Branch > Code of Federal Regulations > Electronic Code of Federal Regulations
e-CFR Data is current as of February 4, 2010
TITLE 34--Education
Subtitle B--REGULATIONS OF THE OFFICES OF THE DEPARTMENT OF EDUCATION
CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
PART 674--FEDERAL PERKINS LOAN PROGRAM
Subpart A--GENERAL PROVISIONS
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| Purpose and identification of common provisions. |
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| Federal Perkins Loan program cohort default rate and penalties. |
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| Program participation agreement. |
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| Selection of students for loans. |
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| Reimbursement to the Fund. |
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| Making and disbursing loans. |
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| Federal interest in allocated funds--transfer of Fund. |
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| Fiscal procedures and records. |
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| Compliance with equal credit opportunity requirements. |
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Subpart B--TERMS OF LOANS
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| Special terms: loans to less than half-time student borrowers. |
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| Deferment of repayment--Federal Perkins loans, NDSLs and Defense loans. |
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| Deferment of repayment--Federal Perkins loans made before July 1, 1993. |
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| Deferment of repayment--NDSLs made on or after October 1, 1980, but before July 1, 1993. |
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| Deferment of repayment--NDSLs made before October 1, 1980 and Defense loans. |
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| Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply. |
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Subpart C--DUE DILIGENCE
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| Due diligence--general requirements. |
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| Contact with the borrower. |
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| Costs chargeable to the Fund. |
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| Use of contractors to perform billing and collection or other program activities. |
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| Assignment of defaulted loans to the United States. |
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Subpart D--LOAN CANCELLATION
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| Teacher cancellation--Federal Perkins, NDSL and Defense loans. |
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| Teacher cancellation--Defense loans. |
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| Employment cancellation--Federal Perkins, NDSL and Defense loans. |
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| Cancellation for law enforcement or corrections officer service--Federal Perkins, NDSL and Defense loans. |
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| Cancellation for service in a Head Start program. |
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| Cancellation for military service. |
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| Cancellation for volunteer service--Perkins loans, NDSLs and Defense loans. |
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| Discharge for death or disability. |
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| No cancellation for prior service--no repayment refunded. |
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| Reimbursement to institutions for loan cancellation. |
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| Discharge of student loan indebtedness for survivors of victims of the September 11, 2001, attacks. |
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| Appendix E to Part 674
--Examples for Computing Maximum Penalty Charges (6 Months Unpaid Overdue Payments) on Direct Loans Made for Periods of Enrollment Before January 1, 1986 |
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