GroundRules
45 CFR 2525.220: What steps are necessary to use an education award to repay a qualified student loan?
Where this section sits in the code
- Title 45—Public Welfare
- Subtitle B—Regulations Relating to Public Welfare
- CHAPTER XXV—CORPORATION FOR NATIONAL AND COMMUNITY SERVICE
- PART 2525—NATIONAL SERVICE TRUST
- Subpart D—Using an Education Award
(a) Required information. Before disbursing an amount from an education award to repay a qualified student loan, AmeriCorps must receive:
(1) An Eligible Individual's written authorization and request for a specific payment amount; and
(2) Any identifying and other information from the loan holder as requested by AmeriCorps.
(b) Payment. When AmeriCorps receives the information required under paragraph (a) of this section, it will pay the loan holder and notify the Eligible Individual of the payment.
(c) Aggregate payments. AmeriCorps may establish procedures to aggregate payments to holders of loans for more than a single individual.
Collected 2026-08-27T02:26:21Z. Source file · JSON