Summary: This letter accompanies the 1993-94 Federal Perkins Loan Service Cancellations Payment Letter.
SUMMARY: This letter accompanies the 1993-94 Federal Perkins
Loan Service Cancellations Payment Letter.
REFERENCE: The Federal Student Financial Aid Handbook, Chapter 6
Dear Financial Aid Administrator:
We are enclosing three copies of the payment letter for
reimbursement(s) of the Services Cancellations
Intervention/Nurse/Medical Technician) under the Federal Perkins
Loan Program for the 1993-94 award period.
This year each institution will receive less than 100 percent of the
reimbursement due it under Section 465 of the Higher Education Act
of 1965, as amended, because of insufficient funds in the Fiscal Year
1995 Appropriation. The calculation of these cancellation payments is
based on the information contained in the 1993-94 Fiscal Operations
Report and edit corrections submitted by your institution. A
computerized worksheet is also enclosed which shows the step-by-step
calculation of your payment.
That portion of your 1993-94 entitlement that could not be paid
now because of the insufficient appropriation will be included in the
payment that your institution receives in July 1996 for its
If you have any questions regarding the computation of your
reimbursement(s), feel free to contact Mr. Joseph Morris of the
Institutional Services Branch at (202) 708-8745.
Michele L. Selvage, Director
Institutional Financial Management
Accounting and Financial Management