Education · education-other · Published 1999-10-28 · 64 FR 58298
Document
Document number
99-28168
Federal Register citation
64 FR 58298
CFR reference
34 CFR 674
Type
Rule
Action
Final regulations.
Category
education-other
Agency
US Department of Education
Publication date
1999-10-28
Abstract
The Secretary amends the Federal Perkins Loan Program regulations. The regulations implement changes to the Higher Education Act of 1965, as amended (HEA), resulting from the Higher Education Amendments of 1998 (1998 Amendments). These final regulations reflect the provisions of the 1998 Amendments that affect the institutions that participate in, and borrowers who have loans made under, the Federal Perkins Loan Program. These final regulations expand borrower benefits under the Federal Perkins Loan program by increasing loan limits, expanding borrower eligibility for deferments and cancellations, establishing a loan rehabilitation program for borrowers in default on their Federal Perkins Loans, establishing an incentive repayment program, and providing a closed school discharge.