34 CFR 674.40: Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply.
Where this section sits in the code
- Title 34—Education
- Subtitle B—Regulations of the Offices of the Department of Education
- CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION
- PART 674—FEDERAL PERKINS LOAN PROGRAM
- 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