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:
February 18, 2010 (Batch 165) - "Transfer of Ownership Notification or Assignment", "Student Consumer Information", "Increased Unsubsidized Stafford Loan Limits for Health Professions Students and Academic Year Length", "How to Pay Credit Balances", "Delivery Methods".
January 21, 2010 (Batch 164) - "Defining an Academic Year", "Low Cohort Default Rate Exemptions from Multiple Disbursement and Delayed Delivery Requirements", "Mandatory Administrative Forbearance Eligibility for Internship or Residency", "Historic Special Allowance Information".
December 17, 2009 (Batch 163) - "Forwarding Docoumentation of Other Claim Types", "Credit-Hour Programs Offered in Modules".
November 19, 2009 (Batch 162) - "U.S. Passport Card for United States Citizenship and Immigration Services (USCIS) Documentation", "Borrower Eligibility for a New Loan When a Prior Loan is Conditionally Discharged", "Additional Unsubsidized Stafford Loan Eligibility", "In-School and Post-Enrollment Deferments for PLUS Loans", "Stafford Annual Loan Limits for a Student Enrolled in Teacher Certification or Preparatory Coursework for Graduate or Professional Program", "Regaining Eligiblity for New Stafford Loan Funds after an Inadvertent Overaward", "Borrower Right to Cancel All or a Portion of Stafford or PLUS Loan Funds Disbursed by EFT or Master Check", "Prorated Stafford Annual Loan Limits".
October 15, 2009 (Batch 161) - "Total and Permanent Disability Claims", "Income Documentation for Income-Based Repayment", "Credit Standards and Adverse Credit", "Increased Unsubsidized Stafford Loan Limits for Health Profession Students", "Additional Unsubsidized Stafford Loan".
September 17, 2009 (Batch 160) - "Reduced Interest Rate Documentation for Claims", "Identity Theft and Ineligible Borrower Claim Documentation", "Permissible Activities for Lenders", "Federal Veterans' Education Benefits and Estimated Financial Assistance", "Increased Unsubsidized Stafford Loan Limits for Health Professions Students", "Reporting Social Security Number Changes or Corrections", "Completing Loan Verification Certificates".
April 16, 2009 (Batch 159) - "Academic Year Categories for the Purpose of Determining the Frequency of Stafford Annual Loan Limits", "Proration of Stafford Annual Loan Limits", "FFELP Teacher Loan Forgiveness Request", "Income-Based Repayment Option", "Rebuttal Presumption", "Program Participation Agreement", "Ability to Benefit", "Definition of Independent Student", "Use of Professional Judgement in Certifying Unsubsidized Stafford Loans", "Pre-repayment Disclosures", "Lender Disclosures During Repayment", "Disclosure When Granting Deferments on Unsubsidized Stafford Loans", "Providing Forbearance Information to the Borrower or Endorser", "Administrative Forbearance for Repayment Plan Change", "Total and Permanent Disability Discharge Requests Based on U.S. Department of Veterans Affairs Determinations", "Eligible Not-for-Profit Holder".
April 16, 2009 (Batch 158) - "Annual Audit Waiver for Foreign Schools", "Transfer Students: Loan Periods, Grade Levels, and Stafford Annual Loan Limits", "Minimum Loan Periods for Certain Programs", "Transfer Students", "Transfer Students and Grade Level Increases", "Transfer to a Credit-Hour Program with Standard Terms or Nonstandard Terms That Are SE9W", "Transfer to a Clock-Hour Program, A Non-Term-Based Credit-Hour Program, or a Credit-Hour Program with Nonstandard Terms That Are Not SE9W", "Dependency Overrides", "Required Lender Disclosures before Disbursement", "Lender Disclosure Before Repayment", "Required Lender Disclosures during Delinquency", "Rehabilitation of Defaulted FFELP Loans", "Consumer Credit Reporting after FFELP Loan Rehabilitation", "Teacher Loan Forgiveness", "Lender Disclosure - Consolidation Loans", "Cohort Default Rate - Extended Calculation Period", "School Cohort Default Rate Challenges", "Teach Out Plan for Schools Placed under Limitiation, Suspension, Termination, or Emergency Action".
March 19, 2009 - "Entrance Counseling", "Exit Counseling", "Grade Level Changes and Increases in the Stafford Annual Loan Limit", "Increased Loan Limits and Overawards", "Reduced Interest Rate for Military Servicemembers", "Timing of Lender Disclosures Before Repayment", "Economic Hardship Deferment", "Post-Active Duty Student Deferment", "Military Service Deferment", "Mandatory Forbearance for Post-Active Duty Student Deferment", "Additional Documentation Requirements for Subrogated Loans", "Repayment Options on Rehabilitated Loans", "Consolidating to Obtain Direct Loan Benefits".
February 19, 2009 - "Social Security Numbers on Individual Checks and Master Check Transmittals", "Elimination of the Child Care Provider Loan Forgiveness Program", "Revised Notice of Assignment, Sale, or Transfer", "Revisions in Permitted and Prohibited Activities", "Student Consumer Information", "Extenuating Circumstances in Adverse Credit Determinations", "In-School and Post-Enrollment Deferments for PLUS Loans", "In-School Deferment from NSLDS Data", "Loan Forgiveness Program for Service in Areas of National Need", "Loan Repayment Program for Civil Legal Assistance Attorneys".
January 15, 2009 - "Eligible Lender - Eligible Financial Institutions", "New School-as-Lender Audit Requirement", "Lender Consumer Reporting Requirements", "Lender of Last Resort (LLR) Changes", "Drug Conviction Notices", "Multiple School Enrollment", "Teacher Education Assistance for College and Higher Education (TEACH) Grants".
December 29, 2008 - "Economic Hardship Deferement Eligiblity", "Notification of Check Availability", "Total and Permanent Disability", "Special Allowance and Interest Rate Reporting", "Title IV Program Definitions", "Simplified Deferment Processing".
November 20, 2008 - "Servicing Parameters for a Consolidation Loan With Multiple Loan Records", "Servicing of a Consolidation Loan with Multiple Loan Servicing Records", "NSLDS Enrollment Reporting by Schools", "Alternatives to Recommended Lender Lists", "Regulatory and Statutory Waivers for Students, Borrowers, and Schools Affected by a Disaster", "Teacher Loan Forgiveness", "Loss of Insurance on a Loan Due to Identity Theft".
October 16, 2008 - "Identity Theft", "Academic Competetiveness and National SMART Grant Definitions", "Common Review Initiative Update".
September 18, 2008 - "NSLDS Reporting and Frequency", "Defining Enrollment Status", Stafford Annual and Aggregate Loan Limit Increases for Undergraduate Students", Special Stafford Aggregate Loan Limits for Graduate and Professional Health Profession Students", "FFELP Delivery to Transfer Students", "Ineligibility for Title IV Aid Due to Prior Default on a Title IV Loan", "Eligibility Amounts for PLUS Loans", "Delivering Loan Funds", and "Diligent Effort".
August 21, 2008 - "Failure to Begin Attendance and Return of Ineligible FFEL Funds"
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.
