Department Issues New Guidance on Late-Late Disbursements and Default-Management Plans

The U.S. Department of Education has updated the fax number and contact point for requesting approval to make late disbursements of Title-IV student aid beyond the 120-day late-disbursement period. Review Dear Colleague Letter GEN-05-13 for details. The department also has updated its sample default-management plan. Review Dear Colleague Letter GEN-05-14 for additional information.