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New forms available for Perkins assignment
January 17, 2019
For those schools wanting to assign Perkins Loans to the Department of Education, there are new forms and new instructions.
In a January 11, 2019 Electronic Announcement, the Department of Education announced the availability of the revised Federal Perkins Loan Assignment Form and instructions. This new version of the form replaces the previous version with an expiration of 12/31/2018.
Among the changes to the form, the Date of First Disbursement was moved from the required manifest portion (Section C) of the Institutional Certification page to the historical loan information portion (Section C) of the Borrower and Loan Information page. As a result, some of the data fields on the Borrower and Loan Information page have been shifted and renumbered. The Date of First Disbursement is the new field 20, followed by the Date of Last Disbursement as new field 21, and so on.
This change places the historical loan information together, and should help ensure schools and third-party servicers provide all required data on the form. With the change in field numbers, the Department also made corresponding updates to the Perkins Loan Assignment Form Instructions.
If you have questions about the Perkins Loan Assignment Form, contact the Federal Perkins Loan Servicer - School Customer Service by phone at 1-844-301-2620 or by email at clientsupport@efpls.com.