Publication Date: May 2001
DCL ID: CB-01-05
Summary: This letter pertains to the 1999-2000 Federal Perkins Loan Service Cancellation Reimbursement and Payment Letter
May 2001
CB-01-05
SUMMARY: This letter pertains to the 1999-2000 Federal Perkins Loan Service Cancellation Reimbursement and Payment Letter
REFERENCE: The Campus-Based Portion of the 1999-2000 Federal Student Financial Aid Handbook
Dear Partner:
This letter is about your Perkins Loan Service Cancellation payment letter and worksheet for reimbursement (s) of the Service Cancellation. The Service Cancellations areas under the Federal Perkins Loan Program are: Teacher, Military, Volunteer, Law Enforcement, Child, Family, Early Intervention, Nurse and Medical Technician.
| Questions and Answers |
Q. How will I receive the payment letter and worksheet?
A. Your payment letter and worksheet for your 1999-2000 reimbursement will be transmitted to you, in text format, through Title IV Wide Area Network (TIVWAN)/Student Aid Internet Gateway (SAIG).
Q. Where will I find the text file?
A. Your text file will be sent to the TIVWAN/SAIG mailbox associated with your FISAP activities. If your school uses a third party servicer, you should make arrangements with them to receive the information.
Q. When should I expect to see the Perkins Service Cancellation payment letter and worksheet?
A. Your payment letter and worksheet will be placed into your TIVWAN/SAIG mailbox (message class FTCP02OP by May 25, 2001.
Q. How and when will I receive my reimbursement?
A. Your funds will be issued via Electronic Fund Transfer (EFT) by June 4, 2001.
Q. Will I receive the full amount to which I am entitled this year?
A. Due to insufficient funds in the fiscal year 2001 appropriation, your school will receive less than 100 percent of the reimbursement due it under Section 465 of the Higher Education Act of 1965, as amended. The reimbursement calculation is based on information contained in your 1999-2000 Fiscal Operations Report and edit corrections.
Q. Who do I contact if I have questions?
A. Perkins Service Cancellation questions should be directed to Joseph Morris on (202) 708-8745.
Sincerely,
Lois M. Moore, Acting Director
Campus-Based Operations
Schools Channel