[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR674.62]

[Page 622]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 674--FEDERAL PERKINS LOAN PROGRAM--Table of Contents
 
                      Subpart D--Loan Cancellation
 
Sec. 674.62  No cancellation for prior service--no repayment refunded.

    (a) No portion of a loan may be cancelled for teaching. Head Start, 
volunteer or military service if the borrower's service is performed--
    (1) During the same period that he or she received the loan; or
    (2) Before the date the loan was disbursed to the borrower.
    (b) The institution shall not refund a repayment made during a 
period for which the borrower qualified for a cancellation unless the 
borrower made the payment due to an institutional error.

(Authority: 20 U.S.C. 425 and 1067ee)

[52 FR 45758, Dec. 1, 1987. Redesignated at 59 FR 61413, Nov. 30, 1994]