Summary: Guaranty Agencies selected to negotiate particiation in a Voluntary Flexible Agreement.
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[Federal Register: February 1, 2000 (Volume 65, Number 21)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DEPARTMENT OF EDUCATION
Federal Family Education Loan Program
AGENCY: Department of Education.
ACTION: Announcement of guaranty agencies selected to negotiate
participation in a Voluntary Flexible Agreement.
SUMMARY: The Secretary announces the guaranty agencies that have been
selected as possible participants in Voluntary Flexible Agreements
under Section 428A of the Higher Education Act of 1965, as amended (the
FOR FURTHER INFORMATION CONTACT: Mr. Cameron R. Ishaq, Department of
Education, Student Financial Assistance, 7th and D Streets SW, Room
4616 Washington, DC 20202, (202) 260-5076.
Individuals with disabilities may obtain this document in an
alternate format (e.g., Braille, large print, audiotape, or computer
diskette) on request to the contact person listed in the preceding
SUPPLEMENTARY INFORMATION: On July 28, 1999, the Secretary published a
Notice in the Federal Register (64 FR 40859) inviting guaranty agencies
participating in the Federal Family Education Loan (FFEL) Program to
apply to participate in the FFEL Program under a Voluntary Flexible
Agreement (VFA) as authorized by Section 428A of the HEA. The Notice
informed the guaranty agencies of the deadline for submission of the
application, the information that needed to be included with the
application and an outline of the evaluation and selection process that
the Secretary planned to use.
Nine guaranty agencies submitted timely VFA applications. Eight of
the agencies made oral presentations to the Secretary's representatives
during September and October. The Secretary has evaluated the
information provided by the nine agencies in their applications and
oral presentations and has selected six agencies with which to try to
negotiate a VFA. The selected agencies are identified in this notice.
The Secretary believes that each of the selected VFA applications
includes specific proposals that could improve the FFEL Program.
However, a number of the applications also include proposals that the
Secretary believes are outside the appropriate scope of a VFA or are
contrary to the Secretary's policies and goals.
In light of this situation, the Secretary has decided not to
publish the selected VFA proposals at this time. The Secretary
understands, however, that each of the selected guaranty agencies has
made their proposal public. In the list of selected agencies below, the
Secretary is also providing the guaranty agency's contact to obtain a
copy of the proposal.
The agencies selected by the Secretary are:
1. American Student Assistance (ASA)
Proposal available from: www.amsa.com
2. California Student Aid Commission/EdFund (CSAC)
Proposal available from: www.csac.ca.gov
3. Colorado Student Loan Program (CSLP)
Proposal available from: www.cslp.org
4. Great Lakes Higher Education Assistance Corporation (GLHEAC)
Proposal available from: www.glhec.org
5. Pennsylvania Higher Education Assistance Authority (PHEAA)
Proposal available from: Peggy Shedden (717) 720-2660 or
6. Texas Guaranteed Student Loan Corporation (TGSLC)
Proposal available from: www.tgslc.org
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Program Authority: 20 U.S.C. 1078-1.
Dated: January 20, 2000.
Chief Operating Officer, Office of Student Financial Assistance.
[FR Doc. 00-2195 Filed 1-28-00; 11:11 am]
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