Summary: This letter accompanies the 1996-97 Federal Perkins Loan Service Cancellations Payment Letter
SUMMARY: This letter accompanies the 1996-97 Federal Perkins Loan
Service Cancellations Payment Letter
REFERENCE: The 1998-99 Federal Student Financial Aid Handbook,
Dear Financial Aid Administrator:
We are enclosing two copies of the payment letter for reimbursement(s) of the Service Cancellations (Teacher/Military/Volunteer/Law Enforcement/Child/Family/Early Intervention/Nurse/Medical Technician) under the Federal Perkins Loan Program for the 1996-97 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 1998 Appropriation. The calculation of these cancellation payments is based on the information contained in the 1996-97 Fiscal Operation Report and edit corrections submitted by your institution. A computerized worksheet is also enclosed which shows the step-by-step calculation of your payment.
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