§674.62. No cancellation for prior service—no repayment refunded.
34 C.F.R. § 674.62
No portion of a loan may be cancelled for teaching. Head Start, volunteer or military service if the borrower's service is performed—
During the same period that he or she received the loan; or
Before the date the loan was disbursed to the borrower.
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.
Notes, amendments, and revision history
Amendments
[52 FR 45758, Dec. 1, 1987. Redesignated at 59 FR 61413, Nov. 30, 1994]
Source
Source: 52 FR 45758, Dec. 1, 1987, unless otherwise noted.
Authority
Authority: 20 U.S.C. 1071—1087ii; 1087dd(h)(1)(D).
Amendments
[52 FR 45758, Dec. 1, 1987. Redesignated at 59 FR 61413, Nov. 30, 1994]