| DCLPublicationDate: 8/1/95 DCLID: CB-95-18 AwardYear: Summary: This letter accompanies the 1993-94 Federal Perkins Loan Service Cancellations Payment Letter. August 1995 CB-95-18(LD) 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 (Teaching/Military/Volunteer/Law Enforcement/Child/Family/Early 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 1994-95 cancellations. 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. Sincerely Yours, Michele L. Selvage, Director Institutional Financial Management Division Accounting and Financial Management Service Enclosures |