| DCLPublicationDate: 10/1/97 DCLID: 97-G-303 AwardYear: Summary: REVISED FEDERAL DEFAULT CONSOLIDATION LOAN PAYOFF REPORT AND INSTRUCTIONS REFERENCE: Sections 428(c)(2)(D)and 428(c)(6)of the HEA and Dear Colleague Letter 95-G-286 dated November 1995. Dear Guaranty Agency Director: Enclosed is a revised suggested format and instructions for reporting the payoff of a defaulted Federal Family Education Loan by a Federal Consolidation Loan. These instructions should be used in conjunction with the ED Form 1189 Instructions, dated January 1995. All default FFEL loan transactions will continue to be shown on the agency's monthly Statement of Account as Department Directed Transactions (DDT's). Please notify your personnel of this change. The completed report should be mailed to: U. S. Department of Education Guaranty Agency Reporting P. O. Box 23457 L'Enfant Plaza Station Washington, D. C. 20026-3457 If you have any question or comments, please call Judy Mittman on (202) 708-9792. Sincerely, Linda Paulsen, Director Accounting and Financial Management Service Attachment A Attachment B |