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Federal regulations · Through 2026-08-25 · Newer source version available

34 CFR 674.40: Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply.

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Where this section sits in the code
  1. Title 34—Education
  2. Subtitle B—Regulations of the Offices of the Department of Education
  3. CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
  4. PART 674—FEDERAL PERKINS LOAN PROGRAM
  5. Subpart B—Terms of Loans

(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.

Collected 2026-08-27T02:25:40Z. Source file · JSON

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