Notice of Proposed Information Collection Requests; Federal Student Aid; Federal Family Educational Loan Program (FFEL)-Servicemembers Civil Relief Act (SCRA)

Zusammenfassung

Effective August 14, 2008, upon a holder's receipt of a written request from a borrower and a copy of the borrower's military orders, the regulations at 34 CFR 682.202(a)(8) provide that the maximum interest (as defined in 50 U.S.C. 527, App. Section 207(d)) that may be charged on FFEL loans made prior to the borrower entering active duty status is six percent while the borrower is on active duty status.