News from NASFAA
Department of Education Electronic Announcement
Hurricane Rita - Extension of Automatic Forbearance (Announcement #4)
HURRICANE RITA INFORMATION - ELECTRONIC ANNOUNCEMENT #4
(11-1-2005)
From:
Sally L. Stroup, Assistant Secretary for Postsecondary Education
Subject: Federal Student Aid Programs - Hurricane Rita - Extension of Automatic Forbearance
Federal student loan
borrowers participating in the Federal Family Education Loan, Direct Loan
and Perkins Loan Programs who live in an area that has been designated
by FEMA for disaster assistance for individuals due to Hurricane Rita
will automatically receive a loan-payment forbearance from August 29,
2005 through February 28, 2006. During this period, impacted borrowers
are not required to make monthly payments on eligible loans. This is an
extension of the 90-day forbearance granted under previous guidance issued
by the Department for federal student loan borrowers impacted by a disaster.
For additional information, see GEN-04-04:
Subject: General guidance for helping Title IV participants affected by
a disaster.
Posted November 2, 2005 on www.NASFAA.org, the Web Site of the
National Association of Student Financial Aid Administrators (NASFAA).
Please submit Web Site questions or comments to web@NASFAA.org
