News
What's New - Common Manual - November 2008 Adopted Proposals
Common Manual News
Category: General
On November 20, 2008, the Common Manual Governing Board approved seven proposals to modify the Common Manual. The changes made in the proposals will be incorporated into the Common Manual with the publication of the next update in 2009. These proposals modify the following sections of the manual:
Servicing of a Consolidation Loan with Multiple Loan Records
Section 14.1.E - Violations and Cures Associated with Unsynchronized Servicing of a Consolidation Loan with Multiple Loan Records
Servicing Parameters for a Consolidation Loan with Multiple Loan Records
Section 3.5.E - Reporting Loan Assignments, Sales, and Transfers
Section 11.1.A - General Deferment Eligibility Criteria
Section 11.19 - Forbearance
Section 12.4 - Due Diligence Requirements
Section 13.1.A - Claim Filing Requirements
Section 15.1.A - Agreement to Guarantee Federal Consolidation Loans
Section 15.2 - Borrower Eligibility and Underlying Loan Holder Requirements
Section 15.4 - Disbursement
Section 15.5.A - Establishing the First Payment Due Date
Section 15.5.B - Disclosing Repayment Terms
Alternatives to Recommended Lender Lists
Section 4.4.A - Recommended Lender Lists
NSLDS Enrollment Reporting
Section 9.2.A - National Student Loan Data System (NSLDS) Enrollment Reporting
Regulatory and Statutory Waivers for Students, Borrowers, and Schools Affected by a Disaster
Appendix H.4.C - Higher Education Hurricane Relief Act Waivers
Section 13.9.B - Teacher Loan Forgiveness Program
Identity Theft
Section 13.8.E - False Certification as a Result of the Crime of Identity Theft
Copies of the bulletin language for these proposals are available from the Common Manual's webpage at www.commonmanual.org. The bulletin language is available under the approved policies and the Integrated Common Manual can be found under the Common Manual heading.
Teacher Loan Forgiveness