College Financial Aid Office
Common Manual
South Carolina Student Loan is proud to offer you access to the Electronic Common Manual (ECM), in addition to the Integrated Common Manual (if you prefer to see all changes and updates integrated into the manual).
Common Manual updates are provided by SCSL to assist your institution in staying up to date on changes made to the Common Manual since its last printing. Changes to the manual are approved by the Common Manual Governing Board as of the date indicated for each update below:
April 17, 2008
“Maximum Stafford and PLUS Loan Periods”, “Timely Lender Payment of Federal Default Fee”, “Recordkeeping Requirements”, “Permissible and Prohibited Activities”, “Total and Permanent Disability Loan Discharge”, “Annual Loan Limit Progression”, “Minimum Loan Period”, “Payment Periods”, “Student Authorization and EFT”, “Returning Undeliverable FFELP Funds to the Lender”, “Economic Hardship Deferment”, “Military Deferment”, ““School-Affiliated Organization” Definition”.
April 17, 2008
“Acceptable Death Claim Documentation”, “Discharge Provisions For Spouses and Parents of September 11, 2001”, “Victims, Federal Trade Commission Holder Rule Expanded”, ”Identity Theft — Early Implementation”, “Identity Theft — July 1, 2008 Implementation”, “Entrance Counseling for Grad PLUS Borrower”, “Required Notices and Authorizations”, “Scheduled and Borrower-Based Academic Year in Standard Term-Based Credit-Hour Programs”, “Enrollment Status Definition Changes”, “Stafford Loan Interest Rates”, “Simplified Deferment Processing, Special Allowance Rates and Formulas”, “Definition and Designation of Eligible Not-For-Profit Holder”, “Undergraduate, Graduate, and Professional Students”, “HEROES Waiver Extension”.
March 20, 2008
"Stafford Loan Repayment Start Date" , "Using Title IV Funds for the Current Year to Pay for Minor Prior-Year Charges" , "Eligible Lender Trustee Relationships" , "Refusing to Certify a Loan or Reducing Borrower Eligibility" , "Stafford Annual Loan Limits for Transfer Students" , "Rehabilitation of a Defaulted Loan", "PLUS MPN with Endorser" , "Obtaining a Subsequent Consolidation Loan".
February 21, 2008
"Variable Rate Conversion Provisions" , "Exceptional Performer Eliminated" , "Frequency of Capitalization for Consolidation Loans" , "Lender Reporting Requirements" , "Armed Forces and Military Deferments" , "Borrower Choice of Lender" , "Transfer of Claim Other Than For Security", "Disclosing Stafford Loan Eligibility Information to Grad PLUS Applicants" , "Establishing a Repayment Schedule" and "Consumer Information".
January 17, 2008
"Eligible Noncitizens" , "Teacher Certification and Courses That Use Direct Assessment", "Revised Late Disbursement and Post-withdrawal Disbursement Time Frames", "Application of Administrative Forbearance during the Total and Permanent Disability (TPD) Conditional Discharge Period", "Regaining Eligibility after Failure to Meet Satisfactory Academic Progress", "Federal Data Matches", "Definition of "Change of Control".
December 20, 2007
"Lender Fee" , "Consolidation Loan Verification Certificates", "Student Eligibility Requirements", "Additional Unsubsidized Stafford Loan Eligibility for a Dependent Student", "Disclosure Requirements", "Overawards", "Excess Interest Rebates".
November 15, 2007
"Providing Consolidation Loan Information to Borrowers" , "Borrowing from FFELP to FDLP", "Federal Data Matches", "Required Authorizations for Delivering Parent PLUS Loan Funds to the Student", "Release of Endorser".
October 18, 2007
"Economic Hardship Deferment Eligibility Criteria" , "Including a Retroactive Period in a Loan Period", "Prorated Loan Limits", "Loss of Eligibility for Special Allowance Payments".
September 20, 2007
"Partial Discharge of a Consolidation Loan" , "Stafford Annual Loan Limits for Students Taking Preparatory Coursework for Enrollment in an Undergraduate Program", "Increased Unsubsidized Stafford Loan Limits for Health Profession Students", "Common Forms", "Student Eligibility Requirements", "Borrower Certification of the Statement of Educational Purpose on the PLUS MPN", "Additional Unsubsidized Stafford Loan Eligibility for a Dependent Student", "Student Authorization to Release Loan Funds Received via EFT or Master Check", "Operations Desert Shield/Desert Storm", "Delivery or Return of Loan Funds", "Information to be Provided on the Request for Reimbursement Due to Partial Discharge of a FFELP Consolidation Loan Form".
For policies approved prior to this date, click here.
If you have any questions regarding these updates, please e-mail Cheryl Hughes; you may also reach Cheryl by calling (803) 612-5030.
