Extension of Filing Deadline

The U.S. Department of Education (ED) recently issued a Dear Colleague letter (DCL) in response to a request for an extension of the 90-day filing deadline established in DCL 98-L-202.  The original deadline was established for lenders filing for additional special allowance payments on loans affected by the court decision in Bank of America N.T. & S.A. v. Riley, 1997 U.S. App. LEXIS 28483 (D.C. Cir. 1997), aff'g 940 F.Supp. 348 (D.D.C. 1996) (see UHEAA Bulletin Vol. 98-Issue 26.).

ED has decided to grant lenders an additional 60 days to request these payments; the new deadline for filing a supplemental ED Form 799 related to this case will be August 31, 1998.  Detailed instructions for submitting this form are included in DCL 98-L-202.  ED stresses that no additional extension will be considered.

Penalty interest will not be paid on requests received during the extension period past the original April 30, 1998 cutoff date referenced in DCL 98-L-202.

Any questions regarding this DCL may be directed to Angela Baker at (202) 401-3255.  A copy of this DCL may be obtained from ED's web-site at http://ifap.ed.gov.  If you would like a copy of this DCL and are unable to access ED's web-site, please contact Lynda Reid at (801) 321-7211.