Leave of Absence
Discuss steps to take for a leave of absence:
- Notify the lenders when students take a leave of absence. Maintain all
documentation in the student's financial-aid file.
- When the student returns from the leave of absence, complete the
appropriate paperwork. Keep a copy of the appropriate form (Lender Notification of Borrower Status Change
Form and/or deferment form) in the student's financial-aid
file.
- If the student fails to return from a leave of absence, financial-aid
staff notify the lender of the withdrawal effective the first day of the leave
or last day of attendance.
- Fax all forms to the appropriate lender, guarantor or servicer and follow
up to ensure that the student's paperwork is processed
correctly.