:: 2007 Federal Student Loan Final Regulations ::

ED published the official final rules and regulations Nov. 1, 2007, based on the notice of proposed rulemaking (NPRM) and comments received.

The student aid provisions address definitions, payment periods, treatment of loan funds, post-withdrawal disbursement, electronic disbursements, late disbursements, recovery of funds, institutional loan cancellation, minimum period of certifying loan and delivering loan proceeds.

The loan provisions address simplification of the deferment process, death certificate, total and permanent disability, NSLDS reporting, electronic signature and record retention for MPNs, loan counseling for Grad PLUS borrowers, maximum loan period, prohibited inducements, eligible lender trustee, frequency of capitalization, loan discharge for false certification and PLLs.

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Federal Documents

This list includes links to bill and law texts, Congressional reports, Dear Colleague Letters and the Federal Register.

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Industry Resources

This list includes links to impact summaries, side-by-side analysis, blacklines and other helpful tools developed by OCAP and our industry partners.

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Training Presentations

OCAP hosted two “College Cost Reduction and Access Act (CCRAA) and New Loan Provisions” training sessions in November 2007. Workshop materials and resources, including the PowerPoint presentation and handouts, are available below.

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