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Table of Contents - ed

1 2 Table of Contents Contents How to Use this Guide .. 6 Part I: The Assignment Process .. 6 When and why assign loans to the Department? .. 6 What does it mean to assign loans to the Department? .. 6 How are loans assigned to the Department? .. 7 Assigning Loans without Recompense .. 7 Reconciliation .. 7 Notify Borrowers .. 7 Paper or Electronic Submission .. 8 Access to 8 Required Documentation for Loan Assignments .. 9 What to do if you have missing or defective documentation or other extenuating circumstances .. 9 Perkins Loan Assignment form .. 10 Assignment Manifest .. 10 Original Perkins Promissory Note .. 11 Electronically signed promissory notes .. 11 Missing original promissory note .. 11 Multiple loans on one note .. 12 Repayment Records .. 12 Disbursement Records .. 12 Judgment Information (if applicable) .. 12 Bankruptcy Information (if applicable) .. 14 Organize all Loans and Prepare for 15 Mailing Instructions.

assignment form when it is prepared. If a payment is received after the school or servicer has sent the loan to the Department for assignment, the …

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