9A:10-1.15 Beyond default: rehabilitation and reinstatement
The Authority encourages borrowers who have defaulted on their FFELP loan obligations to enter into repayment arrangements that qualify them for reinstatement of the ability to receive benefits, including FFELP loans, under Title IV of the Higher Education Act, and that rehabilitate their loans, thereby bringing the loans out of default. The requirements for reinstatement are set forth in34 CFR 682.401 and more fully explained in subregulatory Federal guidance and the Common Manual. The requirements for rehabilitation are set forth in 34 CFR 682.405 and more fully explained in the Common Manual.
Amended by R. 2003 d. 465, effective December 1, 2003. See: 35 N.J.R. 2770(b), 35 N.J.R. 5415(b). Deleted references to Chapter 8 throughout.