R610, UHEAA Federal Family Education Loan Program, PLUS, SLS and Loan Consolidation Program

R610-1. Purpose: To incorporate by reference all statutes, regulations and rules governing the Federal Family Education Loan Program, PLUS, SLS and Loan Consolidation programs.

R610-2. References

2.1. Utah Code Title 53B, Chapter 12 (Higher Education Assistance Authority) Chapter 12 designates the State Board of Regents to constitute the Utah Higher Education Assistance Authority (UHEAA), and in that capacity grants to it the general authorities for operation of student aid programs and to enter into agreements with the Federal Government, in particular with reference to the operation of a student loan guarantee program and related functions.

2.2. S. Congress, Title IV of the Higher Education Act of 1965, as amended.

2.3. S. Department of Education. Code of Federal Regulations, 34 CFR Parts 600, 668 and 682.

2.4. “Common Manual, Unified Student Loan Policy” published by Common Manual Guarantors, 2001.

R610-3. Definitions

3.1. “UHEAA”: the Utah Higher Education Assistance Authority.

3.2. “SLS”: the Federal Supplemental Loans for Students Program.

3.3. “PLUS”: the Federal PLUS Program.

3.4. “FFELP”: the Federal Family Education Loan Program. This consists of the Federal Subsidized Stafford Loan Program, the Federal Unsubsidized Stafford Loan Program, the Federal PLUS Program, the Federal Supplemental Loans for Students Program (SLS), and the Federal Loan Consolidation Program.

R610-4. Incorporation by Reference

4.1. UHEAA Incorporations: UHEAA, as the designated guarantor for the FFELP in the state of Utah, hereby incorporates by reference the following documents:

4.1.1. Title IV of the U.S. Higher Education Act of 1965, as amended.

4.1.2.  S. Department of Education 34 CFR Parts 600, 668, and 682.

4.1.3. “Common Manual, Unified Student Loan Policy”, published by Common Manual Guarantors, 2000.

R610-5. Policy

5.1. Executive Director Authority: Any action taken by UHEAA in accordance with UHEAA policies shall be performed by the Executive Director of UHEAA, or the Executive Director’s designee.

5.2. Administrative Rules: UHEAA shall establish, from time to time, additional policies governing the operation of FFELP in accordance with requirements as referenced in 4.1.1, 4.1.2 and 4.1.3 of this rule. Such policies will be filed as rules in the Utah Administrative Code in accordance with the Administrative Rulemaking Act of this state as found in Title 63, Chapter 46a of the Utah Code.

5.3. Compliance with Rules: Students and parents who are eligible for loans contemplated by this rule, and who wish to apply, shall be expected to comply with these rules. A copy of all federal statutes and regulations, and state rules, directly affecting FFELP, and a copy of the “Common Manual, Unified Student Loan Policy”, are available for public inspection, or can be obtained from UHEAA’s offices at 60 South 400 West, Salt Lake City, Utah 84101-1284.

Adopted by the UHEAA Board of Directors November 14, 1996.