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Guaranty agencies should not review schools' uncorrected data adjustments, which must instead be submitted directly to the Department of Education. If an agency receives such an adjustment, it should immediately contact the school to inform it to send the adjustment to the Department within 30 days, and notify the Department that the school was contacted.

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29 views

Description: Tags: Iga-Uda

Guaranty agencies should not review schools' uncorrected data adjustments, which must instead be submitted directly to the Department of Education. If an agency receives such an adjustment, it should immediately contact the school to inform it to send the adjustment to the Department within 30 days, and notify the Department that the school was contacted.

Uploaded by

anon-25460
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Information for

Guaranty Agencies
on Uncorrected Data
Adjustments
A guaranty agency should NOT review a school’s uncorrected data
adjustment. Schools must submit all uncorrected data adjustment
material directly to the U.S. Department of Education (Department).

If a guaranty agency receives an uncorrected data adjustment from


a school, it should immediately contact the school to inform it that
the uncorrected data adjustment must be sent to the Department at
the address shown on page 93 of the “Uncorrected Data
Adjustment” section. The agency should also indicate that the
request must be sent to the Department within 30 calendar days of
the school receiving its official loan record detail report.

The guaranty agency should notify the


Note Department's Default Management Division that it
has contacted the school.

FY 1998 Official Cohort Default Rate Guide Page 345


Uncorrected Data Adjustment Information for Guaranty Agencies on Adjustments and Appeals

Page 346 FY 1998 Official Cohort Default Rate Guide

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