Volume 6November 1st, 2019
Throughout the Federal Student Aid Handbook we use “college,” “school,” and “institution” interchangeably unless a more specific use is given. “You” refers to the primary audience of the Handbook: finan- cial aid administrators at colleges. “We” indicates the U.S. Department of Education (the Department, ED), and “Federal Student Aid,” “FSA Programs,” and “Title IV aid” are synonymous terms for the financial aid offered by the Department.
APPENDIX aMay 5th, 2020
The paragraphs below are suggested as models for the development of a written agreement between a school and a federal, state, or local public agency or a private nonprofit organization that employs students who are attending that school and who are participating in the Federal Work-Study (FWS) Program. Institutions and agencies or organization may devise additional or substitute paragraphs as long as they are not inconsistent with the statute or regulations.
MASTER PARTICIPATION AGREEMENTMaster Participation Agreement • May 5th, 2020 • New York
This is a Master Participation Agreement, dated as of July 25, 2008 (“Master Participation Agreement”), among the United States Department of Education (“Department”), an individual Eligible Lender or the holder of beneficial interests in Loans (such entity, “Sponsor”), and if the latter, the related Eligible Lender Trustee, each made party to this Master Participation Agreement by executing an Adoption Agreement in the form attached hereto as Exhibit A (“Adoption Agreement”), and the Sponsor’s Custodian made party to this Master Participation Agreement by executing the Adoption Agreement (“Custodian”).
CONTENTSMay 5th, 2020
ContractMay 5th, 2020
Organization Participation AgreementJuly 28th, 2020
By completing and signing this agreement, the Lender, Servicer, or Eligible Lender Trustee agrees to all terms and responsibilities within the Organization Participation Agreement and to submit data on the quarterly Lender Reporting System (LaRS) report to the U.S. Department of Education (the Department) and to receive information and data from the Department electronically.
VOLUNTARY FLEXIBLE AGREEMENT BETWEENVoluntary Flexible Agreement • January 26th, 2001
This Voluntary Flexible Agreement (VFA) is between the United States Department of Education (Department) and the Great Lakes Higher Education Guaranty Corporation (Great Lakes) and is effective as of October 1, 2000.
Volume 5 - Perkins LoansMay 5th, 2020
Assignment to Department, Student Eligibility, Minimum monthly repayment, Economic hardship deferments, Exit counseling and repayment information disclosure,
VOLUNTARY FLEXIBLE AGREEMENT BETWEENVoluntary Flexible Agreement • February 23rd, 2001
This Voluntary Flexible Agreement (VFA) is between the United States Department of Education (Department) and the California Student Aid Commission (CSAC) and dated as of January , 2001.
Guaranty Agency Reinsurance Agreement Default Status - FY 2018June 6th, 2019
GA Code Guaranty Agency Loan In Repayment Amount Requested Dollars Paid Dollars Not Paid Refund Applied Rehab Applied Trigger-Basis Amount Trigger-Rate % of Requests Paid 708 College Assist 7,168,017,393 151,576,492 151,576,492 - 4,060,468 112,736,013 34,780,011 0.49 100.00 712 Florida 714,212,886 38,055,318 38,055,318 - 1,537,982 7,409,317 29,108,018 4.08 100.00 717 Illinois Student Assistance Commission 3,100,937,951 87,814,833 87,814,833 - 69,878 43,197,852 44,547,102 1.44 100.00 721 Kentucky Higher Education Assistance Authority [1] 1,911,639,744 61,827,456 61,827,456 - 717,962 45,139,911 15,969,583 0.84 100.00 722 Louisiana Office of Student Financial Assistance 878,431,362 46,626,215 46,626,002 214 925,335 11,981,189 33,719,477 3.84 100.00 723 Finance Authority of Maine 351,646,148 10,475,002 10,450,369 24,633 1,571 5,772,311 4,676,487 1.33 99.76 725 Massachusetts Higher Education Assistance Corp. [2] 22,721,023,338 401,045,043 400,964,786 80,258 15,162,740 288,325,180
