Summary: This letter accompanies the 1997-98 Federal Perkins Loan Service Cancellations Payment Letter
SUMMARY: This letter accompanies the 1997-98 Federal Perkins Loan Service
Cancellations Payment Letter
REFERENCE: The 1998-1999 Federal Student Financial Aid Handbook, Chapter 6
Dear Financial Aid Administrator:
We are enclosing a copy of your payment letter and computerized worksheet 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 1997-98 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 1999 Appropriation. The calculations of these cancellation payments are based on the information contained in your 1997-98 Fiscal Operations Report and edit corrections submitted by your institution.
If you have any questions regarding the computation of your reimbursement(s), please contact Mr. Joseph Morris of the Institutional Services Branch at (202) 708-8745.
Michele L. Selvage, Director
Institutional Financial Management Division
Accounting and Financial Management Service
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