See Appendix IV of the Catalog. 400 Maryland Ave., SW., Washington, DC 20202-5347. Branch Chief, Institutional Services Branch. Under the National Defense Education Act, as amended, payments are based on ratio of institutional matching monies to total loan amount. For loans canceled pursuant to the Higher Education Act, the full amount canceled for teaching, Head Start, military, volunteer, law enforcement or corrections officer, nurse or medical technician, and child or family service agency is restored to the fund at the institution.
Reimbursement takes place upon acceptance of an annual fiscal operations report.
None for reimbursements but restorations may be used only for loan fund purposes. Records pertaining to the eligibility and repayment history of each loan recipient must be retained by the institutions for three years after the final repayment or cancellation occurs or until the loan is assigned. An institution must keep other records for a period of three years following the institution's submission of its fiscal operations report for an award year or until final resolution of an applicable audit, whichever is later.