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(FP-06-12) Revised Addendum for Federal Consolidation Loan Program Application and Promissory Note

Publication Date: July 3, 2006

DCL ID: FP-06-12

Subject: Revised Addendum for Federal Consolidation Loan Program Application and Promissory Note

SUMMARY: This letter announces a revised application and promissory note addendum that explains the changes to the terms and conditions of FFEL Federal Consolidation Loans by the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006, Pub. L. 109-234 (the Supplemental Appropriations Act).

Posted on 07-03-2006

Dear Colleague:

Included with this letter is a revised addendum for the Federal Consolidation Loan application and promissory note that explains the changes to the terms and conditions of Federal Consolidation Loans made in the FFEL Program as a result of the Supplemental Appropriations Act. These changes apply to FFEL Consolidation Loan applications received on or after June 15, 2006, the effective date of the legislation. The attached revised addendum replaces the addendum for Federal Consolidation Loans that was included in Dear Colleague Letter FP-06-05 that was posted to our IFAP website on April 25, 2006.

In addition to revising the addendum to reflect the changes made by the Supplemental Appropriations Act, we have also revised the explanation of the new identify theft discharge to clarify that only the portion of a consolidation loan attributable to eligible underlying FFEL or Direct Loan program loans may be discharged under this provision. Until a revised Consolidation Application/Note is developed and approved for use, the attached addendum will be used with the current Consolidation Application/Note to inform borrowers of the changes to loan terms made by the Appropriations Act and the recent Higher Education Reconciliation Act of 2005.

Implementation of the Revised Federal Consolidation Loan Application and Promissory Note Addendum

FFEL program participants should begin providing the revised Consolidation Application/Note addendum to all individuals who apply for Federal Consolidation Loans on or after June 15, 2006.

Printing Instructions

No changes to, deletions from, or additions to the language of the Federal Consolidation Application/Note addendum are permitted.

The Federal Consolidation Application/Note addendum must be printed using black ink on white paper. The typeface, point size, and general presentation of the addendum may not be changed from the documents that the Department has approved.

Obtaining Copies for Reproduction

The revised addendum will be available in PDF format on the Department's IFAP website ( and as an attachment to this letter. In addition, the document will be available on the National Council of Higher Education Loan Programs (NCHELP) website at

Guaranty agencies and lenders are responsible for ensuring that the addendum they use is identical to the document approved by the Department. No changes may be made to the document except as expressly authorized above.


Jeff Baker, Director
Policy Liaison and Implementation
Federal Student Aid
U.S. Department of Education

Last Modified: 07/02/2006