{"data":{"id":"us/34-cfr-674.40","jurisdiction":"us","citation":"34 CFR 674.40","heading":"Treatment of loan repayments where cancellation, loan repayments, and minimum monthly repayments apply.","body":"(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.\n(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.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-34.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:40Z","sha256":"66c8cdc6e1898e7a535d8929794ff9da42a80608a66e793d8799f1095721122e","source_id":"us-cfr","stale":true,"prev":"us/34-cfr-674.39","next":"us/34-cfr-674.41"},"notice":"GroundRules: Original legal text. Not legal advice."}