Summary: This letter accompanies the second 1993-94 Federal Perkins Loan Service Cancellations Payment Letter.
SUMMARY: This letter accompanies the second 1993-94 Federal
Perkins Loan Service Cancellations Payment Letter.
REFERENCE: The Federal Student Financial Aid Handbook,
Dear Financial Aid Administrator:
We have enclosed three copies of the supplemental payment letter
for reimbursement(s) of the Service Cancellations
Intervention/Nurse/Medical Technician) under the Federal Perkins
Loan Program for the 1993-94 award period.
In August 1995, your institution received 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. However, additional funds have been made
available to us for this purpose, so we are now in a position to make
up the shortfall.
The calculation used to determine the cancellation payments was
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. This supplemental payment will
provide to your institution 100 percent of its reimbursement due
under Section 465. This will be your final payment under the Federal
Perkins Loan Program for the award period 1993-94.
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