[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR674.62]



[Page 608]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY 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]