May 29, 2008

NSLDS MR Deferment Type Code Available

The CCRAA created a new deferment in the FFEL, Direct Loan, and Federal Perkins Loan programs for members of the National Guard or Military Reserve, and members of such forces in a retired status, who are called or ordered to active duty service. These borrowers may receive deferment on repayment of the their Title IV loans for a maximum period of 13 months following their completion of active duty military service if the borrower was enrolled in a post-secondary institution at the time of or six months prior to their activation. NSLDS announced that the MR Deferment Type Code is now available for reporting these deferments on any FFEL program loan.

Additional information about the recent NSLDS modifications can be found in the April 20, 2008 NSLDS Technical Update. OGSLP's system provider will be implementing changes to accommodate the new code this fall. Lenders who begin reporting the new code prior to our system update may receive related error messages, which can be ignored.