Code of Federal Regulations Title 34. Education § 34.674.40 Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply

(a) An institution may not exercise the minimum monthly repayment provisions on a note when the borrower has received a partial cancellation for the period covered by a postponement.

(b) If a borrower has received Defense, NDSL, and Perkins loans and only one can be cancelled, the amount due on the uncancelled loan is the amount established in § 674.31(b)(2), loan repayment terms;  § 674.33(b), minimum repayment rates;  or § 674.33(c), extension of repayment period.