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Extended Interest Relief & Debt-Reduction

Match terms and key points for both programs

AB
additional 24 months IRExtended Interest Relief
Special Handling screencheck for number months IR used
Repayment Overview screenless than 60 months since EOS date
ROTmust extend term to maximum
'P' codestops P.A.P.P
Federal risk-shared loanconfirmation letter is sent once resheduled
Federal Guaranteed or combonew contract ROT must be signed and returned
Began August 1998Debt-reduction program
up to $10,000 or 50% of remaining loan balanceamount FE gov will pay for debt-reduction
$6667.00 or 50% of remaining loan balanceamount MB gov will pay for debt-reduction

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