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Code of Federal Regulations Title 34. Education § 34.674.62 No cancellation for prior service—no repayment refunded

Current as of January 02, 2025 | Updated by Findlaw Staff

(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)

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Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.674.62 No cancellation for prior service—no repayment refunded - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-674-62/

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