Summary: Addendum to the Loan Consolidation Application and Promissory Note
Author: PTAS - Policy / Training / And Analysis Service
Posted November 6, 1998
The text of this addendum to the Loan Consolidation Application and Promissory Note is to be used for borrowers whose Consolidation Loan applications are received on or after October 1, 1998. It incorporates changes resulting from the expiration of the Emergency Student Loan Consolidation Act of 1997 (Pub. L. 105-78) and the enactment of the Higher Education Amendments of 1998 (Pub. L. 105-244).
For lenders who may have previously amended their application materials to include the provisions covered by this addendum, those lenders need only include the items in the addendum that are not otherwise already included in their application materials. No other changes to the text of the addendum are permitted.
This addendum also may be downloaded from the National Council of Higher Education Loan Programs Internet site at http://www.nchelp.org