January 17, 2008

Determination of Not-For-Profit Holder Status for SAP Billing

In DCL FP-07-12, the Department of Education (ED) provides guidance on the process that will be used to designate entities that meet the statutory definition of an eligible not-for-profit holder for purposes of special allowance payment (SAP) billings in the FFEL Program.

ED earlier advised in DCL FP-07-11 that additional guidance would be forthcoming when announcing the new LaRS SAP reporting codes for loans first disbursed on or after October 1, 2007. DCL FP-07-12 provides guidance and instructions to serve until final regulations are developed.