Back to current
Shoptalk Online Contents

Record Numbers Attend 2001 TG Conference

Closed School Corner

Successful Chat Event Targets Repayment

Index Change for PLUS and SLS Interest Rates

TG to Sponsor National Distance Education Conference

TG to Sponsor NASFAA Symposium

Common Manual Updates

Final Winners Announced

Default Aversion Assistance (DAA) Time Frames Chart

Forbearance Eligibility Chart

Meteor Shoots into Town

Perkins Loan Exit Counseling Offered by Mapping Your Future

The WebShop

2001-2002 Federal SFA Handbook Volumes Available
Shoptalk 117, May 2001
 

Default Aversion Assistance (DAA) Time Frames

Guarantor DAA Cancellation Date1 Skip DAA Available2 Deadline for Refiling Rejected DAA Request3
American Student Assistance 30 60-120 None*
California Student Aid Commission/EDFUND 0 60-120 150*
Colorado Student Loan Program 0 60-120 150*
Connecticut Student Loan Foundation 30 60-120 150*
Education Assistance Corporation 30 60-120 150*
Educational Credit Management Corporation 0 All 120
Finance Authority of Maine 30 60-120 None*
Florida Department of Education 60 All 120
Georgia Higher Education Assistance Corporation 30 60-120 150*
Great Lakes Higher Education Guaranty Corporation 30 60-120 150*
Illinois Student Assistance Commission 30 All None*
Iowa College Student Aid Commission 0 All 150*
Kentucky Higher Education Assistance Authority 30 All None*
Louisiana Student Financial Assistance Commission 30 All 150*
Michigan Higher Education Assistance Authority 0 60-120 150*
Missouri Student Loan Program 0 60-120 150*
Montana Guaranteed Student Loan Program 30 All 150*
National Student Loan Program 0 60-120 150*
New Hampshire Higher Education Assistance 60 None None*
New Jersey Higher Education Student Assistance Authority 60 60-120 150*
New Mexico Student Loan Guarantee Corporation 30 60-120 150*
New York State Higher Education Services Corporation 30 All 150*
North Carolina State Education Assistance Authority 30 None 150*
Northwest Education Loan Association 0 60-120 150*
Oklahoma State Regents for Higher Education 30 60-120 150*
Oregon Student Assistance Commission 30 60-120 150*
Pennsylvania Higher Education Assistance Agency 30 All 120
Rhode Island Higher Education Assistance Authority 0 None 120
South Carolina Student Loan Corporation 30 60-120 None*
Student Loan Guarantee Foundation of Arkansas 0 All 150*
Student Loans of North Dakota 60 All 150*
Tennessee Student Assistance Corporation 30 60-120 150*
Texas Guaranteed Student Loan Corporation 0 All 150*
United Student Aid Funds, Inc. 30 60-120 None*
Utah Higher Education Assistance Authority 0 All 120
Vermont Student Assistance Corporation 30 None None*
1If the delinquency date falls on 0 days delinquent (for guarantors with an entry of 0), or below 30 or 60 days delinquent (for guarantors with an entry of 30 or 60, respectively), the lender must notify the guarantor to cancel the request for DAA.
Guarantor time frames may be either: 0, 30 or 60
2The period of time, expressed in number of days delinquent, established by a guarantor in which a lender may request skip tracing from the guarantor. An entry of Aall@ specifies that skip DAA is available throughout the life of the loan. An entry of Anone@ specifies that the guarantor does not offer skip DAA.
Guarantor time frames may be either: all, 60-120, or none
3The deadline, expressed in number of days delinquent, for the lender to refile the request for DAA that was originally filed timely (within the 60-120 day period), but was rejected by the guarantor. Resubmissions that occur by the deadline are considered to be timely submitted DAA requests, for which a subsequent claim would be paid without a DAA penalty. An entry of Anone@ specifies that the corrected DAA must be resubmitted before a subsequent claim is reviewed. Resubmissions that occur after these deadlines are subject to the interest penalties and special allowance limitations described in Appendix D of 34 CFR 682.
Guarantor time frames may be either: 120, 150, or none, * as long as the original request was filed during the 60-120 day DAA request period.

Back to Top
© 2009 Texas Guaranteed Student Loan Corporation