§ 674.62. No cancellation for prior service---no repayment refunded.
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/us/cfr/t34/s§ 674.62·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)No portion of a loan may be cancelled for teaching. Head Start, volunteer or military service if the borrower's service is performed---
(1)During the same period that he or she received the loan; or
(2)Before the date the loan was disbursed to the borrower.
(b)The institution shall not refund a repayment made during a period for which the borrower qualified for a cancellation unless the borrower made the payment due to an institutional error. (Authority: 20 U.S.C. 425 and 1067ee) \[52 FR 45758, Dec. 1, 1987. Redesignated at 59 FR 61413, Nov. 30, 1994\]
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- 20 USC 425
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§ 674.62
No cancellation for prior service---no repayment refunded.
Cite20 USC 425
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