News

10/29/09

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


Common Manual News
Category: General

On October 15, 2009, the Common Manual Governing Board approved five 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:

Total and Permanent Disability Claims
     2.3.C - Claim Forms
     13.1.D - Claim File Documentation
Income Documentation for Income-Based Repayment
     10.8.D - Income Based Repayment Schedule
Credit Standards and Adverse Credit
     2.1.B - Types of Loans Available
     2.2.A - Origination
     6.16 - Applying for Federal Stafford and Plus Loans
     7.1.A - General Determinations
     7.1.B - Creditworthiness
     7.1.C - Effect of Bankruptcy on Creditworthiness
     7.2.A - Lender Responsibilities Under a Master Promissory Note
     Appendix G
     Appendix H
Increased Unsubsidized Stafford Loan Limits for Health Profession Students
     6.11.A - Stafford Annual Loan Limits
     6.11.D - Increased Unsubsidized Stafford Loan Limits for Health Profession Students
Additional Unsubsidized Stafford Loan
     Appendix G

 

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.