On April 17, 2014, the Common Manual Governing Board approved six proposals to modify the Common Manual. The changes made in the proposal will be incorporated into the Common Manual's annual update. The changes will also be incorporated into the Integrated Common Manual release in July 2014. The proposal modifies the following sections of the manual:
Reporting Requirements Regarding a Borrower’s Total and Permanent Disability Discharge Application Status
Section 13.8.G - Total and Permanent Disability
Changes to Eligibility Reinstatement Rules
Section 5.3 - Reinstatement of Title IV Eligibility after Default
Lender Disclosures
Section 10.12 - Lender Disclosures During Repayment Section 12.1.A - Required Lender Disclosure for a Borrower Having Difficulty Making Payments
Change in Participation Rate Index Threshold
Section 16.4.B - School Appeals
Online and Distance Learning Qualification for a Closed School Discharge
Section 13.8.B - Closed School
Loan Rehabilitation Details Removed
Section 13.7 - Rehabilitation of Defaulted FFELP Loans
Copies of the bulletin language for these proposals are available from the Common Manual's webpage at www.commonmanual.org. The bulletin language is available under the Approved Policies and the Integrated Common Manual can be found under the Common Manual heading. |