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Award Year: 2008-2009
Chapter: --2008-2009 Federal Student Aid Handbook Errata and Updates
Section: --2008-2009 Federal Student Aid Handbook Errata and Updates
Page Numbers:
Posted on 09-30-2008
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2008-2009 Federal Student Aid Handbook Errata and Updates
Unless
otherwise indicated, the errata and updates below are items that
were amended after the initial PDF files were posted to the Web
and before the Handbook went to print.
For
questions about the Handbook contents, you can contact the Schools
Publications staff at: fsaschoolspubs@ed.gov
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Application and Verification Guide
- P. 19 The word "family" was removed from the sentence on family-owned
small businesses.
- P. 79 The margin note on the HEROES Act was edited slightly
to clarify the Secretary's continuing authority to issue waivers and
modifications.
Volume 1: Student Eligibility
- P. 50 The "PX" loan status code was added.
- P. 67 The link to the list of SMART grant-eligible majors at
the top of the page was corrected.
The following
correction is not reflected in the print version of Volume 1.
- P. 5 At the end of the third paragraph, page 70 should be 72.
Volume 2: School Eligibility and Operations
Volume 3: Calculating Awards & Packaging
- page 3-116 of the 08-09 FSA Handbook (Chapter 6, Awarding Campus Based
Aid), the amounts under the heading "Awarding Perkins Loans"
changed in the middle of the award year. The revised amounts are as
follows:
The maximum amount an undergraduate student may borrow is $5,500
per award year, the max for a graduate or professional student is
$8,000 per award year. The aggregate loan limits directly below this
should read: $11,000 for any student who has not completed two academic
years of undergraduate work, $27,000 for an undergraduate who has
completed two academic years and is pursuing a bachelor's degree,
and $60,000 for a graduate or professional student , including loans
borrowed as an undergraduate student.
Volume 5: Overawards, Overpayments, and Withdrawal Calculations
The following
corrections are not reflected in the PDF files for Volume 5.
- Rows four and five in the table on p. 117 have been revised to read
as follows (text in blue shows the emphasized changes):
| School |
Written notification providing the student (or parent)
the opportunity to accept all or part of a post-withdrawal disbursement
of Title IV loan funds, (Perkins, FFEL, Direct Loan, or PLUS)
to the student's account |
Within 30 days of disbursement of loan funds, in
accordance with requirements for notifications and authorizations
34 CFR 668.22(a)(4)(i)(B) |
| School |
Written notification of student's eligibility for a direct post-withdrawal disbursement of Title
IV loan funds in excess of outstanding current (educationally
related) charges |
Within 30 days of date school determined student withdrew |
- Row three in the table on p. 118 has been revised to read as follows
(text in blue shows the emphasized changes):
| School |
Written notification of student's eligibility for
a direct post-withdrawal disbursement of Title
IV loan funds in excess of outstanding current (educationally
related) charges |
- Identify type and amount of the Title IV loan
funds that will make up the post-withdrawal disbursement not
credited to student's account
- Explain that student or parent may accept all or part of
the disbursement
- Advise student or parent that no post-withdrawal disbursement
of Title IV loan funds will be made unless school receives
response within the timeframe established by the school
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Volume 6: Managing Campus-Based Programs
The following
correction is not reflected in the PDF files for Volume 6.
- P. 108 Disregard the last two sentences of the "Medical Technician"
definition. These are the sentences that begin "You can find a list..."
and end with "...all allied health professions." The list that the URL
takes you to has been expanded--it now includes health professions that
do not qualify as "allied health"--therefore one can no longer use that
list for purposes of medical technician cancellations.
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