News

10/05/09

What's New - Common Manual - Sept 2009 Adopted Proposals


Common Manual News
Category: General

On September 17, 2009, 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 2010. These proposals modify the following sections of the manual:

Reduced Interest Rate Documentation for Claims
     13.1.D - Claim File Documentation
Ineligible Borrower and Identity Theft Claims
      2.3.C - Common Forms
     13.1.D - Claim File Documentation
Permitted Activities for Lenders
     3.4.C - Permitted and Prohibited Activities
Federal Veterans’ Education Benefits and Estimated Financial Assistance
     6.7 - Determining the Amount of Estimated Financial Assistance
     Appendix G
Increased Unsubsidized Stafford Loan Limits for Health Profession Students
     6.11.D - Increased Unsubsidized Stafford Loan Limits for Health Profession Students
Reporting Social Security Number Changes or Corrections
     9.1 - Reporting Social Security Number, Date of Birth, and First Name Changes or Corrections
Completing Loan Verification Certificates
     15.3.C - Reviewing the Loan Verification Certificate

 

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.