New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter XX - Higher Education Services Corporation
Subchapter B - Federal Family Education Loan Program
Part 2101 - Federal Family Education Loan Program
Section 2101.4 - Repayment of loans when a school closes
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 2101.4
Current through Register Vol. 46, No. 39, September 25, 2024
Where the default of an educational loan or loans guaranteed by the corporation has been caused, in the judgment of the corporation, by the termination of a school during a term in which a student was enrolled, collection activities may be discontinued without penalty to the borrower.
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