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New Military Deferment Request Form
The Higher Education Reconciliation Act of 2005 (the HERA) included a provision establishing a new military deferment for borrowers with loans made under the FFEL, Direct Loan, and Perkins Loan programs. Under the new provision, a borrower may defer repayment on eligible loans for up to three years while he or she is serving on active duty during a war or other military operation or national emergency, or performing qualifying National Guard duty during a war or other military operation or national emergency. The new military deferment created by the HERA is available only for FFEL, Direct Loan, and Perkins Loan program loans that were first disbursed on or after July 1, 2001.
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2007 – 2008 SAR Comment Codes & Text Reference Guide
The 2007-2008 SAR Comment Codes and Text reference guide is now available by clicking on the link above this paragraph. This publication is designed as a stand-alone guide. It includes the 2007-2008 SAR comment text and the 2007-2008 SAR Acknowledgement comment text.
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2007-2008 ISIR Guide
The 2007-2008 ISIR Guide is now available by clicking on the link above this paragraph. The ISIR Guide assists financial aid administrators in interpreting the information contained in electronic Institutional Student Information Records (ISIRs). The term “ISIR” refers to all processed student information records.
The May 2007 update to the 2007-2008 ISIR Guide includes revisions to the sample ISIR in Appendix G to reflect changes to the maximum 2007-2008 Federal Pell Grant (Pell Grant) award. This update also incorporates revisions to Appendix B (2007-2008 Database Matches and Match Flags), including changing “G845” and “G845S” references to “G-845” and correcting mislabeled table headings.
The updated 2007-2008 ISIR Guide, including a tracking log of changes, are available in PDF format on the Information for Financial Aid Professionals (IFAP) Web site, located at http://ifap.ed.gov .
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2006-2007 SAR Comment Codes & Text Reference Guide
The U.S. Department of Education, Federal Student Aid announced the posting of the October 2006 version of the 2006-2007 SAR Comment Codes and Text reference guide. This version includes revisions to Student Aid Report (SAR) comment codes 41 to 43, 65 to 67, 100 to 102, and 251 to 253 to update the mailing address for the U.S. Department of Education's Collections unit from an Iowa City, IA address to a Greenville, TX address.
The reference guide is designed as a stand-alone guide.
The updated 2006-2007 SAR Comment Codes, and Text Guide and a tracking log of changes are available in PDF format by clicking on the respective link.
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The Return of Direct Loan Funds at Borrowers Request
more than 120 Days after Disbursement
This updates and summarizes the correct process for making a borrower payment (i.e., returning Direct Loan funds at the borrower's request more than 120 days after disbursement) by sending a check to the Direct Loan Servicing Center's (DLSC's) Payment Center. Please note that if you are returning Direct Loan funds at the borrower’s request within 120 days of disbursement, please see the announcement titled “Direct Loan Refunds of Cash” located in this same section of the Weber & Associates, Inc. website.
To ensure the most accurate and timely processing of a borrower payment, please follow these guidelines:
- Mail a check for the amount of the borrower-returned funds to the DLSC's Payment Center at:
U.S. Department of Education
Attention: Payment Center
P.O. Box 530260
Atlanta, GA 30353-0260
- Include a completed Direct Loan Payment to Borrower Account form with your check. Please note the following information on the check:
- The student’s name
- The student’s SSN
- Your school code
- The award year
- Please retain a copy of the check and the form for your records.
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| Direct Loan Refunds of Cash
This bulletin updates and summarizes the correct process for making a refund of cash (i.e., returning unused funds) to the Department of Education (the Department). As a reminder, all cash that is not used within three business days after it is received from the Department (or within an additional seven calendar days in certain circumstances) must be returned to the Department in accordance with the cash management regulations at 34 CFR 668.166. Please note that if you are returning Direct Loan funds at the borrower’s request more than 120 days after disbursement, please see the announcement titled “The Return of Direct Loan Funds at Borrowers Request more than 120 Days after Disbursement ” located in this same section of the Weber & Associates, Inc. website
To ensure the most accurate and timely processing of a refund of cash, please follow these guidelines:
- To the extent possible, you should return funds electronically via the Grant Administration and Payment System (GAPS). Refunds of cash greater than $100,000 must be returned electronically via the GAPS.
- If you need to return funds via a paper check, mail the check to the COD School Relations Center at:
U.S. Department of Education
Attention: Refunds of Cash
P.O. Box 9001
Niagara Falls, NY 14302
- Include a completed Direct Loan Refunds of Cash form with your check. Please note the following information on the check:
- The student’s name
- The student’s SSN
- Your school code
- The award year
- If you are returning funds for more than one award year, send a separate check for each award year.
- If you are returning funds for more than one school, send a separate form and a separate check (or separate checks) for each school.
- Please retain a copy of the check and the form for your records.
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| | The ISIR Guide is designed to assist financial aid administrators (FAAs) with interpreting student information from an Institutional Student Information Record (ISIR). The term ISIR refers to all processed student information records that are sent electronically to institutions by the Central Processing System (CPS). |
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| | An overview of R2T2 Forms |
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| The Higher Education Reconciliation Act of 2005 (the HERA), Pub. L. 109-171, modified the student eligibility provision regarding the suspension of Title IV eligibility for drug-related offenses. Effective July 1, 2006, a student loses eligibility for Title IV aid only if the drug-related offense for which the student was convicted occurred during a period of enrollment for which the student was receiving Title IV aid. The HERA did not change the period of ineligibility and provisions for regaining eligibility. |
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| This form includes all of the changes made to the R2T4 calculation as the result of the Higher Education Reconciliation Act (HERA). |
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| This form includes all of the changes made to the requirements for referring student overpayments due to withdrawal to the Department of Education as the result of the Higher Education Reconciliation Act (HERA). |
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| | This form includes all of the changes made to the R2T4 calculation as the result of the Higher Education Reconciliation Act (HERA). |
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