Zdrowie i gospodarka · 16.11.1994
Health Education Assistance Loan Program
This proposed rule would amend existing regulations governing the Health Education Assistance Loan (HEAL) program to establish performance standards against which lender and holder default rates would be measured, as mandated by the Health Professions Education Extension Amendments of 1992. The proposal also amends the regulations to reflect various statutory provisions related to HEAL performance standards for schools, lenders, and holders, including the following: The formula for calculating default rates; the requirement that certain schools develop default management plans; the borrower's option to reduce his or her insurance premium by obtaining a credit worthy cosigner; the waiver of penalty fees for schools, lenders, and holders with a low volume of loans; and the option to pay off defaulted loans to reduce default rates.