Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

(CB-96-14) This letter accompanies the 1994-95 Federal Perkins Loan Service Cancellations Payment Letter.

DCLPublicationDate: 7/1/96
DCLID: CB-96-14
AwardYear:
Summary: This letter accompanies the 1994-95 Federal Perkins
Loan Service Cancellations Payment Letter.


July 1996


CB-96-14(LD)


SUMMARY: This letter accompanies the 1994-95 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 Service Cancellations
(Teaching/Military/Volunteer/Law Enforcement/Child/Family/Early
Intervention/Nurse/Medical Technician) under the Federal Perkins
Loan Program for the 1994-95 award period.

This year each institution will receive less than 100 percent of the
reimbursement due under Section 465 of the Higher Education Act
of 1965, as amended, because of insufficient funds in the Fiscal Year
1996 Appropriation. The calculation of these cancellation payments
is based on the information contained in the 1994-95 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 1994-95 entitlement that could not be paid now
because of the insufficient appropriation will be included in the
payment that your institution receives in July 1997 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

Last Modified: 06/30/1996